Attijariwafa Bank Expects Egypt’s Unit to be its Major Growth Driver

Leading Moroccan bank, Attijariwafa Bank, is expecting its newly acquired Egyptian unit to be its major growth driver in coming years and is planning to expand its operations by adding new branches and hiring staff. The bank anticipates that the Egyptian operation will contribute 12% to 14% of its net income in 2018, with revenue […]

Moroccan central bank urges caution in dealing with CBDCs

Morocco’s central bank governor Abdellatif Jouahri advocated a cautious approach in adopting central bank digital currencies (CBDCs), recalling that the bank set up a working group to look at the matter in 2021. Speaking to a conference attended by IMF chief Kristina Georgieva, Jouahri underscored the urgent character of examining CBDCs which have a role […]

Uganda locks down two districts for three weeks in bid to check spread of Ebola

A three-week lockdown has been imposed in Uganda’s two central region districts to curb the spread of Ebola, which has killed 19 people since the first death nearly a month ago. Ugandan President Yoweri Museveni announced on Saturday (15 October) he has ordered the lockdown to restrict movements into and out of Mubende and Kassanda, […]