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Morocco’s central bank increases three-fold banks refinancing capacity

The Central bank said it will intervene to ensure there is enough cash for banks through increasing three-fold their refinancing capacity in dirham and hard currency. The move comes as a lifeline for Moroccan banks to offset the financial repercussions of coronavirus and help them offer loans for enterprises and households, the central bank said […]

Morocco to sell 35% stake in Marsa Maroc

The Moroccan government plans to sell 35% stake in Marsa Maroc to Groupe Tanger Med which manages the biggest port in the Mediterranean and Africa in terms of container capacity. Marsa Maroc manages container terminals at 9 Moroccan ports and is listed at the Casablanca stock exchange. The deal will inject some 5.48 billion dirhams […]

Libya: Tripoli Warns Rome against IS-Planned Attacks in Milan

Tripoli-based Libyan authorities have warned their Italian counterparts against planned terror attacks by an Islamic State group’s local cell in Milan. The cell is reportedly sponsored by a veteran jihadist formerly deported by Rome. Forces aligned with the Tripoli-based Libyan Government of National Accord (GNA) made, over the weekend, further advances into the city of […]