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Keywords: BANK OF AFRICA


Tanger Med posts record revenue of 4 billion dirhams in 2024

The Tanger Med port complex continues to experience strong growth, achieving a record revenue of 4 billion dirhams in 2024, marking a 10% increase year-on-year. In the fourth quarter alone, the port generated 1.016 billion dirhams, reflecting a 9% growth compared to the same period in 2023. The year......

Morocco's strategic move towards sustainable energy: A new 990-megawatt gas power plant

In an ambitious move to bolster its energy sector, Morocco has announced plans to construct a new gas power plant with a capacity of 990 megawatts. The project, which is expected to cost approximately 4.15 billion Dirhams (around 420 million dollars), is set to play a crucial role in the country’s......

Morocco's new fintech hub aims to transform digital finance landscape

Morocco has marked a significant milestone in its financial technology sector with the launch of the Morocco Fintech Center (MFC) in Rabat. The center's inaugural board meeting, chaired by Bank Al-Maghrib Governor Abdellatif Jouahri, signals a coordinated push to advance the country's digital......

AI Adoption Drives 30% Efficiency Gain in Morocco's Banking Sector

A groundbreaking study of Morocco's three largest banks reveals substantial performance improvements following artificial intelligence implementation, with operational processing times reduced by 30% across urban and rural branches. The comprehensive research, conducted by Mohammed V University......

EU's 'Grow & Pitch' Program Recognizes Top Souss-Massa Cooperatives for Sustainable Development

The Souss-Massa region has witnessed a significant milestone in cooperative development through the successful conclusion of the "Grow & Pitch" program, a collaborative initiative between the European Investment Bank (EIB), European Union (EU), and Bank of Africa, in partnership with the......

Morocco and AfDB Strengthen Partnership for Sustainable Growth

Morocco and the African Development Bank (AfDB) are further solidifying their economic collaboration through strategic investments targeting infrastructure, agriculture, and large-scale projects related to the 2030 World Cup. This strengthened partnership was highlighted during a meeting in Rabat between......

AfDB and Bank of Africa Forge EUR 50 Million Deal to Boost African Trade

The African Development Bank (AfDB) and Morocco’s Bank of Africa (BOA) have signed a landmark EUR 50 million risk-sharing agreement in Rabat, aimed at enhancing private sector financing and fostering trade across the African continent. The deal was finalized on the sidelines of the Africa Investment......

BANK OF AFRICA Revolutionizes the Ecosystem with Its Collaborative Supply Chain Finance Platform

BANK OF AFRICA has solidified its reputation as an innovation leader with the launch of the first fully digital and collaborative platform dedicated to Supply Chain Finance (SCF) in Morocco. This groundbreaking solution is accessible to both buyers and suppliers, transforming financial flow management......

The Future of Luxury Hospitality in Morocco Waldorf Astoria to Open at Tower Mohammed VI

In a groundbreaking development for Morocco’s luxury hospitality sector, the Tower Mohammed VI will soon host a prestigious new hotel under the Waldorf Astoria brand of the Hilton Group. Set to open in 2025, the Waldorf Astoria Rabat-Salé will occupy the top 18 floors of the iconic tower,......