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Afreximbank
Source: Afreximbank |

CORRECTION: Bank Al-Maghrib signs up to The Pan-African Payment and Settlement System (PAPSS), Establishing Morocco as its 17th Country of Presence

PAPSS is now present across seventeen countries, along with over 150 commercial banks and 14 switches, and continues to expand its reach and impact across Africa

The Pan-African Payment and Settlement System (PAPSS) is pleased to announce the entry of the Kingdom of Morocco into its growing network, with Bank Al-Maghrib officially signing the PAPSS membership agreement. As a result, Morocco becomes the 17th country of presence, further solidifying the continent’s commitment to financial integration and…

Afreximbank
Source: Afreximbank |

Bank Al-Maghrib signs up to The Pan-African Payment and Settlement System (PAPSS) as Morocco becomes 17th Member Country to join the network

PAPSS now has seventeen countries among its membership, along with over 150 commercial banks and 14 switches, and continues to expand its reach and impact across Africa

The Pan-African Payment and Settlement System (PAPSS) is pleased to announce the entry of the Kingdom of Morocco into its growing network, with Bank Al-Maghrib officially signing the PAPSS membership agreement. As a result, Morocco becomes the 17th country to join the PAPSS network, further solidifying the continent’s commitment to…

Afreximbank
Source: Afreximbank |

Afreximbank, Morocco sign Memorandum of Understanding (MoU) for $1billion trade and investment programme

Afreximbank, on its part, would cooperate with the Ministry and relevant Moroccan entities and economic operators to develop and deploy appropriate project structuring and financing solutions

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has entered into a memorandum of understanding (MoU) with the Government of Morocco, represented by the Ministry of Economy and Finance, to develop a US$1billion Morocco-Africa Trade and Investment Promotion programme. According to the terms of the MoU, the programme shall aim to facilitate and guide…

Afreximbank
Source: Afreximbank |

Afreximbank announces US$500,000 support for earthquake relief in Morocco

The donation will be channelled towards assisting the Government in its disaster recovery, relief, and reconstruction efforts

African Export-Import Bank (Afreximbank) (https://www.Afreximbank.com/) has today announced a $500,000 donation to provide immediate humanitarian relief to the Kingdom of Morocco and especially towards the hard-hit regions of Al Haouz, Chichaoua, Taroudant, Amizmiz and Marrakesh, following the devastation caused by a massive magnitude 6.8 earthquake. The earthquake is the strongest…