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Key Developments in Moroccan Banking and International Relations
In the banking sector, Othman Benjelloun's bank has quietly embarked on a quest for a new IT partner to support its daily operations, a role previously managed by a subsidiary of its shareholder for over two decades. As the bank approaches its 94th anniversary, the long-serving CEO has yet to establish a clear succession plan. Meanwhile, the governor of the central bank, Abdellatif Jouahri, has taken charge of the situation in coordination with the circle surrounding King Mohammed VI.
On the international front, Morocco has emerged as the leading importer of Russian-origin fuel in North Africa by 2025, despite facing international sanctions. A discreet trader from Geneva has successfully penetrated this market, and Africa Intelligence sheds light on these unfolding activities. Furthermore, while the United States managed to avoid negative votes against its resolution concerning Western Sahara, France had to exert considerable effort to secure the support of its European partners at the United Nations.
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As reported by africaintelligence.fr.
