Bank al Maghrib

Morocco
Digitalisation makes for quiet revolution in banking sector

Driven by the central bank governor since 2019, the digitalisation of banking services has pushed Morocco's three main establishments towards a new model, which has seen each bank closing around 100 branches.

Morocco
Agreement in sight between Attijariwafa Bank and Euronext

The Moroccan bank is set to sign a cooperation protocol with the main eurozone market at the end of June concerning the fight against money laundering and the financing of terrorism.

Morocco
Led by Prince Moulay Rachid allies, NBI Ressources struggles to establish itself as a mining player

A newcomer to the extractive sector, NBI Ressources is launching copper and lead projects. To achieve this, it has constituted a board of directors made up of close associates of King Mohammed VI's younger brother, Prince Moulay Rachid.

Morocco
Revolut bank signs up former Mastercard executive

The British neobank has hired Yacine Faqir as country manager.

Morocco
From Paris to Casablanca, the Moroccan brain gain is underway

Crédit du Maroc, Bank of Africa, Managem... the kingdom's business giants are stepping up their efforts to attract the young Moroccan elite living in France. A new ad hoc structure has been set up to help them with the recruitment.

Morocco
Digital bank Revolut looking for key to the kingdom

British fintech Revolut is pulling out all the stops to obtain the right to operate in Morocco. The appointment of a Moroccan banking heavyweight, such as Kamal Mokdad, is being considered.

Morocco
Credit-free neobank Charifintech soon on the market

After raising $100m in 2022, start-up Chari plans to officially launch its payment subsidiary by the end of the year.

Morocco
Mohammed VI installs Benchaâboun at Maroc Telecom to please Abu Dhabi

Maroc Telecom, majority-owned by Abu Dhabi, has a new boss, former economy minister Mohamed Benchaâboun.

Morocco
Former Lazard executive launches investment bank in the kingdom

Amine Bakhti, who has managed the portfolios of major Moroccan clients at Rothschild & Co, has decided to strike out on his own.

Morocco
Moulay Hafid Elalamy set to get go-ahead to take over Société Générale subsidiary

It looks as though the Moroccan financial authorities will approve the purchase of a majority stake in Société Générale Marocaine de Banques by the wealthy businessman.

Palace Intrigues
Faustin-Archange Touadéra, Patrice Talon, Othman Benjelloun

Intrigues big and small – every Thursday, Africa Intelligence takes a peek into the corridors of power in Africa and beyond.

CARTouadéra and presidential party contribute to adviser's funeral

BeninTalon to receive French ambassador's credentials

MoroccoBank of Africa boss Othman Benjelloun as sought-after as ever

Morocco
Bank al-Maghrib turns to Crane Currency again in fight against counterfeit money

Crane Currency, entreprise nord-américaine spécialisée dans la conception et la sécurisation des billets de banque, a été à la manœuvre du récent renouvellement des coupures de dirhams par la banque centrale marocaine.

Morocco
One year after earthquakes, Rabat maintains firm control over Al Haouz reconstruction

Morocco prefers to use the special fund created in the immediate aftermath of the natural disaster and budget reallocations to rebuild damaged areas. It is limiting its reliance on international aid to local grassroots initiatives and NGOs.

Morocco
Egyptian fintech startup Money Fellows set for Moroccan launch

The fintech platform, which offers community lending, is at an advanced stage of negotiations.