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Morocco to regulate crypto without stifling innovation, says Central Bank Governor

Governor of Morocco’s central bank, Bank Al-Maghrib (BAM), Abdellatif Jouahri, said earlier this week that the legal framework governing crypto-assets in Morocco, currently undergoing adoption process, aims to regulate this ecosystem while preserving the financial innovation that can emerge from it. “We wanted to regulate the use of crypto-assets, without stifling the innovation that can […]

Morocco deficit to hold near 3%, debt seen falling despite global tensions- Bloomberg

Morocco expects to steadily reduce its public debt over the rest of the decade as economic growth strengthens and the budget deficit remains contained, despite pressures from global geopolitical tensions, a senior finance official told Bloomberg. Public debt is forecast to fall to about 60% of gross domestic product by 2030 from roughly 67% at […]

China flexes its naval muscles in Gulf of Guinea during 5-day Nigeria visit

A naval fleet of China’s People’s Liberation Army (PLA-N) arrived for a five-day visit in Nigeria on Sunday (2 July) for a rare visit by the Chinese military to Africa’s Atlantic coast, reinforcing speculation that the Gulf of Guinea could offer a base for Beijing. As the destroyer Nanning and an accompanying frigate, long with […]