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Keywords: Financial inclusion
In 2023, the global landscape for mobile financial services saw the active operation of 310 services, with Sub-Saharan Africa accounting for over half. This region, characterized by low banking penetration, views mobile money as a vital tool for financial inclusion, especially in rural areas. However,......
The European Bank for Reconstruction and Development (EBRD), in collaboration with the European Union (EU), has announced a €20 million loan to support young entrepreneurs in Morocco. The funding, provided in local currency, will primarily target micro, small, and medium-sized enterprises (MSMEs)......
Morocco has taken a bold step toward regulating cryptocurrencies, signaling a significant shift in its approach to these digital assets. For years, the country maintained a firm stance against cryptocurrency transactions, prohibiting them since 2017. Financial authorities cited concerns over consumer......
Morocco is taking significant steps to enhance financial literacy among its citizens with the launch of a comprehensive online platform by the Moroccan Capital Market Authority (AMMC). The new initiative, "Le Marché des Capitaux pour Tous" (The Capital Market for Everyone), represents......
The Moroccan Capital Market Authority (AMMC) has unveiled "Le Marché des Capitaux pour Tous," a dedicated online platform aimed at enhancing financial literacy across Morocco. This initiative underscores AMMC's commitment to educating the public about capital markets and fostering......
In a significant move, Network International, a leading payments solutions provider, has announced its expansion into Morocco, marking a pivotal moment in the country's digital payments landscape. This strategic initiative aims to revolutionize the way financial transactions are conducted, offering......
In a significant development, Morocco's central bank, Bank Al-Maghrib, has taken a decisive step to regulate the fees charged for electronic transactions, setting a cap at 0.65% of the transaction value. This move, announced recently, aims to foster a more inclusive and accessible financial ecosystem,......
In a significant move to bolster economic ties and financial flows within the continent, Morocco has called for a multilateral approach aimed at increasing remittances from the African diaspora. This initiative underscores the vital role that remittances play in the economic stability and development......
As the Paris 2024 Olympic Games draw to a close, a spotlight shines on the nations that excelled, with the United States leading the medal count with 40 golds and a total of 126 medals. China followed with 91 medals, and Japan secured 45, underscoring the intricate relationship between a country's......