Kenya eyes taxing crypto transactions amid market meltdown

The government in Kenya, where about 8.5% of the population owns cryptocurrencies, has drafted a bill to tax crypto transactions in all exchanges in the country, even as the global crypto market undergoes a mass meltdown. The Capital Markets (Amendment) Bill, 2022 would allow for the taxation of crypto exchanges, digital wallets and transactions. Crypto […]

Situation in Gaza: Moroccan FM, SG of the PLO Executive Committee stress need to end the war, protect civilians

Moroccan Foreign Minister Nasser Bourita and Secretary General of the Executive Committee of the Palestine Liberation Organization (PLO), Hussein Al Sheikh, discussed in a phone call Sunday the situation in Gaza. The two sides stressed the need for joint efforts to end the war, protect civilians, provide humanitarian aid, and prevent the displacement of Palestinians. […]

Morocco revises downward 2019 growth to 2.9 pct

Morocco said its economy will grow by 2.9% in 2019 after 3% in 2018 as the economy continues to be affected by agricultural output, according to finance minister Mohamed Benchaaboun. Rainfall was about 23% less this year compared with 2018, so cereals yield was down 50% compared to a year earlier further deepening the trade […]