In a daring maneuver set to potentially reshape the banking landscape across Africa, Moulay Hafid Elalamy, former Minister of Commerce and Industry and current CEO of the Saham Group, is poised for an ambitious acquisition. Rumors abound that Elalamy is nearing the acquisition of a controlling stake,......

A recent report by Capital Economics, the London-based firm, suggests that Morocco is well-positioned to consider a move towards a fully floating dirham. The report highlights the kingdom's favorable balance of payments and declining inflation as key factors laying a solid foundation for Bank Al-Maghrib,......

Morocco is on the brink of a significant transition, with its central bank, Bank Al-Maghrib (BAM), preparing to adopt a fully floating dirham exchange rate. This pivotal move is fueled by the nation's strengthening macroeconomic stability, supported by a reduced current account deficit, robust foreign......

In response to growing concerns regarding water scarcity, the Moroccan government has revealed a comprehensive strategy aimed at addressing the nation's escalating water crisis. Speaking on Thursday, spokesperson Mustapha Baitas assured citizens of the government's unwavering commitment to implementing......

In a groundbreaking move, CASHPLUS, the leading financial services provider and prominent FinTech player in Morocco, unveiled its ambitious 'LifePlus' strategic plan at a high-profile press conference yesterday. The event brought together an array of opinion leaders, technology experts, financial......

Morocco stands as a beacon of economic freedom in North Africa, as confirmed by the 2024 Index of Economic Freedom published by the Heritage Foundation. This esteemed report, now in its 30th edition, thoroughly assesses the economic freedom of 184 countries worldwide across four key domains: rule of......

Morocco is taking significant steps towards a sustainable future with the launch of a groundbreaking project supported by €10 million from key development partners. This initiative, known as the "Just Transition" project, marks a pivotal moment in the country's journey towards a low-carbon......

Bank of Africa (BOA) and Royal Air Maroc (RAM) have made a significant stride in reshaping the banking and travel landscapes with the launch of the innovative "Pay & Fly" rewards program. This groundbreaking initiative, unveiled this week, introduces three new co-branded Visa cards - Opale,......

In a strategic move highlighting Morocco's growing allure as a business hub, Japanese automotive giant Mitsubishi has decided to exit Tunisia, consolidating its operations in its Casablanca office. This shift, revealed by Elyes Kasri, former Tunisian ambassador to Japan, has reverberated across the......

In a drive for expansion and renewed commitment to the African continent, Orange Business Maroc recently reached a significant milestone by inaugurating its brand-new site at CasaNearShore on Wednesday, March 6, 2024. This inauguration not only signifies a giant leap towards excellence and innovation......

In a pivotal gathering held in the Swiss capital of Bern, Moroccan Minister of Industry and Trade Ryad Mezzour and Swiss Federal Councillor for Economic Affairs, Education, and Research Guy Parmelin convened to outline strategies for bolstering economic cooperation between their nations. This meeting......

In an astonishing surge, Bitcoin, the foremost cryptocurrency, reached an unprecedented milestone on Tuesday, surpassing its previous record amidst soaring demand from new funds and an impending slowdown in supply growth, fueling a remarkable rebound. Climbing 2.5% to an astounding $69,191.95, Bitcoin......

In a bold move that promises to captivate wanderlust-fueled souls, Icelandic low-cost carrier Play has unveiled an audacious plan to inaugurate the first-ever direct flights from Reykjavik to the enchanting city of Marrakech. This pioneering endeavor, set to take flight in October, is poised to forge......