UK’s development finance institution CDC Group has acquired an equity stake of 5% in BMCE Bank of Africa, the Moroccan capital market authority (AMMC) has announced. The British company now owns 5.37% of the capital of said bank, AMMC said in a statement released Thursday on its website. CDC has over 70 years of experience investing in Africa and in Asia, with more than 700 businesses in its African portfolio. The group invests in financial institutions to advance financial
A Tangier court sentenced, Thursday, a Spanish man to eight years in prison for sexually assaulting a Moroccan minor. A Moroccan NGO promised to appeal against the decision that it deems insufficient, citing new evidence.
The World Bank has approved a $300 million loan to help Morocco strengthen its municipalities, the international financial institution announced Thursday. The money will go to the Municipal Performance Project, set by Morocco to «build capacity by providing a sustainable performance-based framework for municipalities to work with», the same source said. «The program objective is to promote territorial development by strengthening Morocco’s municipalities», the
«It is time to solve the Sahara issue», Mauritanian Foreign Minister Ismail Ould Cheikh told reporters on Thursday. The Minister took the opportunity to stress his country’s «neutrality». «We are active and concerned» by this territorial dispute «but we do not support any paryt», he added. The Mauritanian official explained that the position of his country is «not passive neutrality». «We are not spectators and we want
French-Moroccan boxer Nordine Oubaali fought, Thursday, against Japan’s Takuma Inoue, defending for the second time his World Boxing Council bantamweight title. Holding the title since January 2019, the 33-year-old French-Moroccan boxer defeated his Japanese rival, retaining his WBC World belt. Oubaali won his first world title by defeating former amateur rival Rau'shee Warren. After Thursday’s victory, the boxer may be facing Naoya Inoue, the big brother of his Japanese
Robert Purvis was one of the most committed American abolitionists in the nineteenth century. The activist drew strength from the story of his grandmother, a Moroccan woman who was enslaved and transported to the United States at the age of twelve.
On her second day in Morocco, US President senior advisor and daughter Ivanka Trump visited an olive field in the city of Sidi Kacem to meet female landowners, as part of Women’s Global Development and Prosperity Initiative, launched earlier this year. Before making it to Sidi Kacem, Trump wrote on her Twitter account that today, she is traveling to the «rural Gharb region of Morocco to meet with women beneficiaries that will be impacted by implementation of recent land
Morocco ranks among the very low category of the English Proficiency index, released to measure English language skills in the world. The low trends in Morocco are blamed on the country’s complex linguistic landscape.
A few days after Hirak detainee Rabii Al Ablak put an end to his hunger strike, a fellow inmate has started a new one. On Wednesday, Nabil Ahamjik’s lawyer, Fatima El Merdi, announced that the Hirak detainee had started a hunger strike. On November 1st, when he was transferred to a prison in Tifelt, Ahamjik began his hunger strike to protest against the decision, Arabic-language online newspaper Lakome wrote. The lawyer who met her client on Tuesday said that she had noticed
On Wednesday, Donald Trump’s daughter and senior advisor Ivanka Trump landed in Morocco to promote the Women’s Global Development and Prosperity Initiative. Received in Rabat by Princess Lalla Meryem of Morocco, Ivanka Trump was wearing an embroidered suit jacket made by Moroccan designed Fadila Elgadi. The grey jacket was a traditional one that she paired with matching pants and high heels. On Twitter, Fadila Elgadi could not hide her excitement seeing her designs being worn by