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Kenya: Ruto’s U-turn on tax-hike bill after deadly protests likely due to Western pressure

Kenyan President William Ruto on Wednesday (26 June) rejected to sign a controversial finance bill into law after peaceful protests turned deadly when protesters stormed parliament and scores of people were shot dead. A day after what was the biggest and most direct assault on Kenya’s government in decades, the president now says the bill […]

Moroccan-Spanish Security Partnership Based on ’Shared responsibility, Mutual Trust’- Morocco’s Interior Minister

Moroccan Interior Minister, Abdelouafi Laftit, highlighted that the Moroccan-Spanish security partnership is based on “shared responsibility and mutual trust. In a statement to the press following a meeting in Rabat with his Spanish counterpart, Juan Ignacio Zoido, Laftit underscored the solid cooperation between the two countries in security issues. He pointed out to the legal […]

Morocco to Set Up Market for Non-Performing Loans to Strengthen Financial Stability

Morocco is planning to set up a market for non-performing loans (NPLs) offering the possibility of buying and selling of unpaid loans beyond set deadline. Banks can sell NPLs to reduce risk, free up capital, and maintain profitability, while investors seek to profit by restructuring or recovering value. Morocco’s Central bank, Bank Al-Maghrib, has been […]