T Capital weighs down CFG Bank’s accounts with more than €13m in bad debt
As the unprecedented crisis linked to Covid-19 hits the tourism sector, the Moroccan investment fund continues to try to bring some balance to the young Moroccan bank.
07/05/2020 at 13h04, by Africa Business+
Established over a decade ago, tourism-focused Moroccan investment fund T Capital Group is struggling to generate sufficient income and is unable to repay its loans to its main creditor, CFG Bank SA, which is also one of its main shareholders.