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EBRD and BMCI support importers and exporters

The European Bank for Reconstruction and Development (EBRD) has granted approximately 650 million dirhams (60 million euros) to support BMCI in supporting Moroccan exporters and importers. The envelope makes it possible to support the commercial transactions of exporters and importers. It is part of the Trade Facilitation Program (TFP) launched …

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An AfDB donation for the private sector

The African Development Bank Group (AfDB) and the General Confederation of Enterprises of Morocco (CGEM) have signed a grant agreement of US $ 560,000 to strengthen the role of the Moroccan private sector in the Kingdom’s integration dynamics in africa. The first of its kind on the continent, this partnership’s …

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The interconnection of African stock exchanges: The first transactions in the first half of 2020

During his tenure as head of the African Stock Exchanges Association (ASEA), Karim Hajji, General Manager of the Casablanca Stock Exchange, wants to lead the integration project of the Johannesburg, Lagos, Nairobi markets, Casablanca, Mauritius, Abidjan and Cairo. Like African economies, there are very few links between financial markets. The …

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BAM: Bank credit growth decelerates

The pace of growth of bank credit decelerated, year on year, to 4% in April 2019 against 5.1%, says Bank Al-Maghrib (BAM) in its note on monetary statistics. This is due to slowing growth in all components except real estate loans, which rose 3.8% from 3.6% a month earlier. In …

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