Morocco’s Casablanca Finance City leads Africa in Global Financial Centres Index 31

Morocco’s Casablanca Finance City topped the continental ranking in the financial centres index, holding the 54th spot globally out of 119, according to a recent report released this March by Long Finance & Financial Centre Futures. Casablanca continues to be the leading African financial centre, while Cape Town and Johannesburg continue to improve their ranking […]

Morocco’s Top Banker calls for developing Fintech Ecosystem

Governor of Morocco’s Central Bank, Bank Al-Maghrib, Abdellatif Jouahri said that Morocco lags behind in Financial Technology (FinTech), stressing the need for a change of culture to develop the country’s FinTech ecosystem that plays a decisive role in the field of financial inclusion. Jouahri made the statement at a joint press briefing, he held in […]

Fitch downgrades Tunisia rating to ‘CCC-‘, confirming fears over economic collapse

The political and economic crisis is worsening in Kais Saied’s Tunisia. The uncertainties and fears over the collapse of this country has pushed Fitch agency to downgrade its Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC-‘ from ‘CCC+’. The downgrade of Tunisia’s IDRs, which is becoming a failed state, comes after failure of Tunisia’s authorities […]