Libya E-Payment System Collapses After Record Two Million POS Transactions in a Single Day

Central Bank of Libya has issued an apology following a major disruption to the country’s electronic payment infrastructure, after an unprecedented surge in transaction volumes triggered system instability across commercial banks. According to the Bank, around two million point-of-sale (POS) transactions were recorded in a single day across approximately 67,000 terminals nationwide, placing excessive strain […]

Africa yet to tap into gold wealth as prices hit record high

Gold prices surged to historic highs in 2025, repeatedly approaching $4,000 an ounce, according to the World Gold Council, as geopolitical tensions, global inflation and aggressive central bank buying drove demand for the safe-haven metal. The rally has reignited debate over Africa’s role in the global gold market. The continent holds nearly 30% of global […]

Morocco Takes Part in ECOWAS Extraordinary Summit on Terrorism

King Mohammed VI was invited to participate in the ECOWAS extraordinary summit on terrorism, due this Sept.14 in Ouagadougou, as Morocco has become a major global player in the fight against terror. Upon the royal instructions, a high-level delegation, composed of Foreign Minister Nasser Bourita and Director General of the Foreign Intelligence Agency Yassine Mansouri, […]