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    August 5, 2020

    Cash Plus Launches Mobile Application for Remote Transactions

    Rabat – Money transfer agency Cash Plus has launched the “Cash Plus Mobile Wallet” application, offering its customers the opportunity to open a free mobile account and benefit from its services online.


    August 4, 2020

    Morocco’s Central Bank Identified 9,575 Counterfeit Banknotes in 2019

    Rabat – Morocco’s Central bank , Bank Al Maghrib (BAM), identified 9,575 counterfeit banknotes in 2019, worth MAD 1.5 million ($161,000).

    The number of counterfeit banknotes increased by 6% compared"...

    August 3, 2020

    Zenith Bank Introduces ‘Zenith Beta Life’ Promo

    Zenith Bank Plc has commenced its ‘Zenith Beta Life’ Promo to reward customers of the bank with gifts every week starting from Friday July 31st, 2020, to July 30th, 2021.

    A statement from the bank"...

    July 28, 2020

    Microfinance Banks Seek N250bn to Support MSMEs

    The National Association of Microfinance Banks (NAMB) has asked the Central Bank of Nigeria (CBN) to provide a special N250 billion intervention fund for micro, small and medium-sized Enterprises (MSMEs) in the country to support ongoing economic recovery agenda of the government.


    July 28, 2020

    Winners Emerge in Access Bank’s DiamondXtra

    An Access Bank customer who trades at Ogbaru market, Onitsha, Anambra State Mr. Dominic Akaraka has won salary for life in the second quarterly draw of the DiamondXtra Season 12 reward scheme held in Lagos recently.


    July 27, 2020

    Rwanda: African Development Bank commits $98 million for multisector COVID-19 response

    (AfDB) - The African Development Bank on Thursday approved a concessional loan of $97.675 million to Rwanda to strengthen its national budget as it works to mitigate impacts of the COVID-19 pandemic.

    The funding"...

    July 26, 2020

    AfDB: Over $1.1bln in Morocco in 8 Months

    Rabat - Investments by the African Development Bank (AfDB) in Morocco, the financial institution's main client, have reached more than $ 1.1 billion over the past eight months, said the bank's Country manager Resident representative in the Kingdom, Leila Farah Mokaddem.


    July 19, 2020

    World Bank: Morocco’s Response Saved Lives, Threatens Recession

    Rabat – The World Bank’s Morocco Economic Monitor report for July 2020 commends Morocco’s “swift and decisive” response to the COVID-19 pandemic. However, indicators show that the country’s life-saving measures came at a high cost for the economy, resulting"...

    July 16, 2020

    Bank of America Reports Second-Quarter 2020 Financial Results

    Bank of America reported its second-quarter 2020 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways:

    This press release features multimedia."...

    July 15, 2020

    World Bank: Morocco is 5th Strongest Economy in Africa

    Rabat – The World Bank has revealed Morocco’s position as the fifth strongest economy in Africa in its newly-released 2019 classification of GDP. The new data shows Morocco with a growing GDP that reached a peak in 2019. Morocco ranked 59th worldwide.


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