Algeria reaffirms commitment to African infrastructure
Algeria reiterated its support for African infrastructure development at the Presidential Infrastructure Champion Initiative (PICI) meeting, chaired by South Africa’
According to Attijari Global Research’s (AGR) January report Morocco’s banking sector has posted a 13.2% increase in aggregate Net Banking Income (NBI), reaching $4.57 billion. in the first half of 2024. Market activities saw a particularly strong rise, growing by 57.2%, while interest margins rose by 4.8%. Late last year Bank Al-Maghrib reduced the benchmark rate to 2.5% in December 2024. This move looked to stimulate credit growth while managing inflation, which declined to 0.7% in October 2024 from 10% in February 2023.
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