Banking

The Business Year (TBY), an international group specializing in economic intelligence, has just opened its African office in Casablanca. The group is present in Europe, Africa, the Americas, Asia and the Middle East (more than 40 countries), and has a network of more than 2 million subscribers. Its African hub …

Morocco is still on the “gray” list of tax havens in the European Union, according to the list unveiled on Tuesday. The Kingdom is considered to be a country which “cooperates with the EU in the implementation of its commitments”. The EU list evolves with each update. Thus, the status …

The Managing Director of the International Monetary Fund (IMF), Kristina Georgieva will pay a visit to Morocco from February 17 to 20. “The visit will serve to discuss preparations for the World Bank Group (WB) and IMF Annual Meetings scheduled for October 2021 in Marrakech,” said IMF director of communications …

Egypt and Morocco continue to establish themselves as the best destinations for investment in Africa in 2020, when South Africa was relegated to third place, according to a report by the Rand Merchant Bank (RBM), one of the main investment banks in South Africa. Morocco comes second after Egypt on …

Attijariwafa bank is the first Moroccan bank 100% compliant with the international SWIFT GPI (Global Payment Innovation) standard since January 13, 2020. In February 2017, SWIFT made the SWIFT GPI standard operational and invited the banks members of its network to update their tools and gradually comply with this new …

Coface published, on Tuesday, February 4, the 2020 edition of its “guide to country and sector risks”. Morocco displays a risk “Convenient” (A4), the best rating in Africa, alongside Kenya, Senegal and Botswanda. Coface is a credit insurer whose mission is to help companies develop by insuring the insolvency risk …

The European Bank for Reconstruction and Development (EBRD) has granted a loan of 20 million euros to Crédit du Maroc as part of the “Green Value Chain” program. This program aims to support green investments carried by SMEs participating in certain value chains and/or ecosystems. This line is part of …

Real GDP growth in Morocco is expected to be 3.7% in 2020 and 3.9% from 2021, predicts the African Development Bank (AfDB). “The medium-term economic outlook in Morocco remains favorable and real GDP growth is expected to rebound to 3.7% in 2020 and 3.9% from 2021,” says the AfDB in …

The Competition Council and the International Finance Corporation (IFC), a member of the World Bank Group, signed on Wednesday in Rabat a partnership agreement aimed at the development of an institutional ecosystem supporting the effective implementation of the policy competition. The agreement thus enables the IFC to support the Moroccan …

BMCE Bank of Africa was named the most attractive employer in Morocco in 2019 by ReKrute. The site unveiled Tuesday in Casablanca the 25 most attractive companies in terms of employment. The banking group thus obtained a score of 76%, ahead of Attijariwafa bank (75%) and the PSA Group (75%). …