Morocco to get $1bn from the African Development Bank
Morocco is set to receive a $1bn loan from the African Development Bank, bringing its total financing of the Maghreb...
Banking
Libyan central bank to print 30 billion dinars
The central bank of Libya, or CBL, said on December 5th that it had contracted British banknote printer De La...
Developing countries spend record amount on foreign debt
Developing countries across the world collectively spent a record $1.4tn to meet their foreign debt obligations in 2023, according to...
At last! Morocco moves to allow cryptos in the kingdom
Crypto currencies, which are currently illegal to both buy or trade in Morocco, will soon be perfectly legal, according to...
Tunisia: Challenges lurking in the economy for Saïed’s new term
The economy still poses major challenges for Tunisia and its re-elected president Kaïs Saïed, according to AfricaNews. Public debt, unemployment...
UN to save Libya’s central bank calamity from escalating
Following a banking crisis in Libya which saw just recently the central bank governor flee the country, the UN has...
Libya: Central bank chief calls for unified government
Libya’s central bank’s governor devalued the dinar and asked parliament to approve a new, unified government on March 5th, according...
Tunisia: Saied regime turns to Central Bank for bail out
Tunisia has requested billions of dollars from the Central Bank to aid its economic crisis, after rejecting EU funding, according...
Morocco’s push for an investment-grade credit rating
Morocco is on a mission to regain its coveted investment-grade credit rating from S&P Global Ratings, despite grappling with extensive...
Libya: Central Bank reunified after 9 years
Nearly a decade after its division, the Central Bank of Libya has been re-unified, governor Sadiq al-Kabir announced on Sunday,...
Tunisia is granted $500 million loan from African bank
The Tunisian parliament’s House of Representatives announced on June 1st that Tunisia will receive the $500 million they requested from...
Lithuanian money laundering gang arrested in Algeria
Algerian security services on February 27th announced the arrest of a criminal network which operated a branch of a Lithuanian...
Wafa chief brought into save the worst bank in Morocco
BMCI bank in Morocco is getting a new boss, starting on March 1st, according to local media reports. Hicham Seffa,...
