Benchaaboun- presenting 2019 draft financial bill

Anti-government protests gain traction in Kenya

Protesters took to the streets in various Kenyan cities calling for President Ruto to step down, as police shot tear gas and clashed with demonstrators. At least one person was killed in the renewed protests, despite president Ruto firing most of his cabinet members, Reuters reported. The protests erupted against tax hikes a month ago, […]

Morocco sets up national financial intelligence body to combat money-laundering & terrorism financing

The Moroccan government has approved the setting up of a National Financial Intelligence Authority to better combat money-laundering, terror financing and weapons proliferation.   The establishment of this new entity comes following the recommendations issued by the Middle-East & North Africa Financial Action Task Force which has called for upgrading the country’s financial intelligence unit […]

Fitch agency: Moroccan Banks Net Income Reaches Record Levels 2023

Moroccan banks’ profitability continued to recover strongly in 1st half of 2023, with aggregate net income reaching record levels, says Fitch rating agency, noting that the positive trend should continue in 2nd semester due to higher interest rates and loan book growth. The seven largest banks’ aggregate net income increased by 28% yoy in 1st […]