unesco bokova

New debt tracker signals shift toward Africa’s financial sovereignty

In a landmark move to address Africa’s mounting debt crisis, finance ministers across the continent have adopted the African Debt Monitoring Mechanism (ADMM) — a real-time, continent-wide system designed to track both domestic and external debt. Approved during the 8th Ordinary Session of the African Union’s finance-focused committee in South Africa, the ADMM is hailed […]

Mercosur Parliament Chief hails role of Morocco’s King in fostering Africa-Latin America rapprochement

Speaker of Mercosur Parliament Tomas Bittar Navarro has commended the efforts deployed by King Mohammed VI for building closer ties between Africa, the Arab world and Latin America within the frame of the South-South cooperation, one of the cornerstones of the country’s foreign policy. Bittar Navarro made the remarks Thursday in Montevideo following his meeting […]

Morocco’s Competition Council accelerates electronic payment market opening

Since May 1, 2025, payment institutions and banking subsidiaries dedicated to acquisition services, with proper authorization, can operate in Morocco’s electronic payment market and commercialize their offerings, the Competition Council announced. The Council recently held a follow-up meeting on dismantling the quasi-monopoly held by the Centre Monétique Interbancaire (CMI) in the electronic payment market. Besides […]