Juan-Ignacio-Zoido

Tunisia: Ennahdha appoints caretaking President as Ghannouchi hallows in detention

Tunisia’s largest political party, Ennahdha, named Wednesday Mondher Lounissi as the new chairman of the Islamist movement in the absence of incumbent leader Rached Ghannouchi detained since April 17 on several charges. The executive committee of the party held a meeting Wednesday to take stock of the recent developments that hit the movement. Ghannouchi, the […]

Morocco Acquires Stakes in Development Bank of Central African States.

Morocco finalized an equity investment deal worth €10 billion with the Development Bank of Central African States, a move that further strengthens Morocco’s financial footprint on the continent. The deal was signed in Rabat this week by Morocco’s economy Minister Mohamed Boussaid and the vice president of the Development Bank of Central African States Zounguere […]

Moroccan banks report record profit in 2024

Moroccan banking activity improved in 2024 with major banks reporting record profits totaling $2.3 billion, a 21.3% increase compared with the previous year. The net profit attributable to shareholders rose by nearly 20% to 19.2 billion dirhams ($2 bln). The growth was spurred by the recovery in banking activity, cost reduction, and contained risk cost. […]