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Morocco to introduce secondary market for non-performing loans

Morocco’s central bank has prepared a draft law that would set up a secondary market in which non-performing loans, currently at 9.8 billion dollars, can be sold, in a move that will boost banks’ liquidity. The news was announced by director general of the central bank, Bank Al Maghrib, Abderrahim Bouazza, who said non-performing loans […]

DRC’s east ‘at breaking point’ as M23’s advances worsen security, humanitarian crises

The security and humanitarian situation in the eastern Democratic Republic of the Congo (DRC) has further deteriorated, despite the recently held peaceful elections, as M23 rebels continue to expand its territory, the United Nations has warned. The armed group M23 “is making significant advances and expanding its territory to unprecedented levels,” Bintou Keita, the head […]

Germany joins its voice to countries backing Morocco’s autonomy plan

German Ambassador to Rabat has described the autonomy initiative put forth by Morocco to settle the Sahara issue as the most realistic solution and separatists claims of the Polisario are “unfeasible”. “It is difficult to find a more realistic solution” than the autonomy initiative to the Sahara conflict which has long lasted, the German Ambassador […]