Mentorship Helps Young Moroccans [Magharebia]

Magharebia reports on the success of the ‘Forsa Mentoring’ program in Morocco which is helping to promote skills and confidence in young Moroccans: Learning the ropes from an expert had a big impact on business, young Moroccan entrepreneurs said Thursday (September 9th) in Rabat. They were gathered at the residence of British Ambassador to Morocco Clive Alderton to offer their review of the “Forsa Mentoring” program. The 10-month project offered ...

Morocco’s Jan-Aug Trade Deficit Narrows 3.1 Percent [Reuters]

Reuters looks at the latest financial news from Morocco, where industrial growth plans are yielding positive results in exports: Morocco’s January-to-August trade deficit narrowed by 3.1 percent from a year earlier to 131.06 billion dirhams ($15.25 billion), the foreign exchange regulator said on Monday, as exports increased. Morocco’s exports rose 7.1 percent to 131.72 billion dirhams (up from 122.97 billion) in the first eight months of 2014, led by the ...

Moroccan Marvels

Sunday World reports on Morocco’s increasing prominence in beauty products, especially those utilizing argan oil, chamomile, orange blossom, and even clay: Anyone who has been to Morocco will know how vibrant the country is. The colors and scents attack your senses and leave a permanent imprint in your mind. The same can be said when it comes to beauty products that incorporate Moroccan ingredients. Whether it’s the item of the ...

European Bank Earmarks €10m for Morocco’s Tourism Sector

StarAfrica reports on the European Bank for Reconstruction & Development’s first tourism project in Morocco, which will address the need for more 3- and 4-star hotels to address consumer demand. This will be the EBRD’s 15th project in Morocco: The European Bank for Reconstruction and Development (EBRD) has earmarked €10 million; aimed at supporting the development of Morocco’s tourism sector with the investment in Alliances Hotel Investment SA, a subsidiary ...

Moroccan Bank BCP First-Half Profit Up Sharply

Reuters Africa reports on big profits for Moroccan Banque Centrale Populaire (BCP). Moroccan banks are some of the most prominent on the African continent, providing banking services where other banks have neglected: Banque Centrale Populaire (BCP), one of Morocco’s three biggest banks, said on Wednesday its half-year net profit rose by 12.7 percent to 1.1 billion dirhams ($128.01 million) on the back of a big increase in retail and investment ...
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