Banking

The European Bank for Reconstruction and Development (EBRD) is contributing to the development of the olive oil sector in Morocco with a loan of 55 million dirhams (5 million euros). The EBRD loan will be allocated to the subsidiaries of Al Dahra Holding Maroc, Al Dahra Morocco Factories (ADFAC) and …

BMCE Bank of Africa has obtained a 4th category license from the Dubai Financial Services Authority (DFSA), which will allow the Moroccan group to facilitate commercial and financial transactions of up to 200 million USD. During a ceremony organized recently on the occasion of the opening in Dubai of an …

The leader in providing payment solutions Hightech Payment Systems (HPS) has been selected by Saudi Payments, a subsidiary of the central bank Saudi Arabia Monetary Authority (SAMA), to provide a unified and interoperable QR Code platform enabling banks, Wallets and Fintech service providers to interact seamlessly. The development of a …

BMCE Bank of Africa is now called Bank of Africa (BOA). The General Meeting of March 5 approved this change of name. “By this change, the bank intends to mark a new milestone in its history at the end of a successful transformation of an establishment specializing in foreign trade …

The Professional Association of Credit Establishments of Cameroon (APECCAM) is designated guest of honor at the 15th edition of the Africa Pay & ID Expo (APIDE), the annual fair for payment, digitalization, mobile and identification in French-speaking Africa, to be held next March 12 and 13 in Marrakech. Led by …

The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, congratulated Morocco for its efforts in the fight against corruption. “The success of anti-corruption efforts contributes to achieving sustainable development and improving the standard of living of citizens, which requires a unified vision based on the participation of all …

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 …