Moussem-Tan-Tan

Morocco opens digital payment market, ends CMI’s near-monopoly

Morocco has officially dismantled the near-monopoly held by le Centre Monétique Interbancaire (CMI) over electronic payment terminals, marking a major shift in the country’s digital economy and financial sector. The reform, which took effect on May 1, 2025, allows banks, fintech firms, and independent payment providers to directly offer point-of-sale (POS) services to merchants, a […]

Libya: London court rules against Libya, millions to be paid in compensation

Libya has received its first setback in its legal battle with financial and managerial institutions after the High Court of England and Wales ordered the Libya Africa Investment Portfolio (LAIP) to pay more than $15 million as damages to Catalyst Managerial Services (CMS) and the amount could surpass half a billion dollars. LAIP is a Malta-based […]

Algeria: President Sacks Internal Security Chief amid Cocaine Seizure Scandal

The head of the Algerian national security service (DGSN) Abdelghani Hamel has been fired and replaced by Mustapha El-Habiri, head of civil protection directorate, as investigations on the recent seizure of 700 kg of cocaine in Oran port drags foot. A presidential decree Tuesday announced Hamel’s dismissal without giving any reasons behind the move. However, […]