Keywords: Financing
Morocco’s National Office of Electricity and Drinking Water (ONEE) has announced a significant €300 million financing package aimed at modernizing and extending the national electricity transport network. This funding, provided by the European Investment Bank (EIB), the German Development......
Morocco’s largest banks are entering a promising phase as they prepare to capitalize on enhanced financial stability, according to a recent report by Fitch Ratings. The agency highlights that improved profitability, robust capital levels, and sound liquidity position the nation's top lenders......
In a significant move towards sustainable development, the France Development Agency (AFD) and Morocco’s leading fertilizer producer, OCP, have solidified their collaboration by signing a €350 million financing agreement aimed at bolstering OCP’s ambitious green investment program. This......
BMCI is set to become the first bank in Morocco to receive a comprehensive €65 million Green Economy Financing Facility (GEFF) Plus package, marking the EBRD’s fifth partnership with the institution since Morocco became an investee economy in 2012. The European Bank for Reconstruction and......
Spain's Court of Auditors has imposed a substantial fine exceeding €860,000 on the far-right Vox party for accepting anonymous cash donations. This decision, announced on Wednesday, stems from a thorough review of the party's annual accounts covering the years 2018, 2019, and 2020. The court......
In a bold move to enhance client engagement in the real estate sector, Bank of Africa has announced the launch of its new event series, "Les Escales de l’Immobilier." Following the success of its previous edition in Fès, this national tour will make stops in Nador, Oujda, Marrakech,......
Tamwilcom, Morocco’s state-owned financial institution, has reported impressive financial results for 2024, mobilizing a total of MAD 47.5 billion (approximately $4.75 billion) across 82,200 operations. This achievement includes commitments amounting to MAD 28 billion ($2.8 billion). In a notable......
French prosecutors have called for a seven-year prison sentence for former President Nicolas Sarkozy in a trial concerning alleged illegal campaign financing linked to the late Libyan leader Muammar Gaddafi. Sarkozy, who served as finance minister before becoming president, is accused of striking a......
Dar Al Amane, the participatory finance arm of Société Générale Maroc, has partnered with Autocaz, a subsidiary of Auto Hall and a key player in Morocco's secondhand car market, to launch an innovative auto financing solution aligned with Islamic finance principles. This......
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