PowerChina and Swiber Africa have set up an agro-industrial park in Abia State to drive industrialization and boost foreign exchange earnings. The project, estimated at over $500m, is targeting to …
Bank Al-Maghrib (BAM), Morocco’s central bank, and the Office des Changes (OE), the country’s foreign trade watchdog, signed a partnership agreement on Monday in Rabat. The agreement aims to establish …
The significant weakening of the shilling versus the dollar handed the Central Bank of Kenya (CBK) an unrealized exchange gain of Sh68 billion on its forex holdings in the year …
Remittances from Morocco’s diaspora reached more than MAD 71.42 billion ($7.5 billion) in the first eight months of 2022. According to Morocco’s Foreign Exchange Office’s recent data, the number represents an …
Morocco’s automotive exports reached MAD 59.6 billion ($5.6 billion) at the end of July 2022, an increase of 31.6% compared to a year earlier. This growth, according to a new …