Morocco’s BCP bank started talks with French BCPE bank to buy major stakes in four of its African banks. BCP said in a statement it aims at acquiring BPCE’s controlling stakes in Cameroon, Madagascar, Congo and Tunisia. The French bank owns 68.5% of Banque Internationale du Cameroun pour l’Épargne et le Crédit (BICEC); 71% of […]
Several Tunisian personalities on Tuesday announced the creation of the National Authority for the Defense of Rights and Democracy, which seeks to “defend rights and democracy and fight against human rights violations in Tunisia.” The authority’s objectives and working method were presented Tuesday by the constitutive committee at a news conference, reported TAP news agency. […]
The degradation of Morocco’s credit rating by Fitch on the eve of a Moroccan issuance of an international bond is unprofessional and unethical, said central bank governor Abdellatif Jouahri. Fitch has recently downgraded Morocco’s credit rating from investment grade to junk ahead of an international bond worth 3 billion dollars sold by Morocco earlier this […]
