Chambre-des-conseillers

Industries boom: AfDB report finds small African economies industrialize fastest

Morocco, Egypt, South Africa, Mauritius, and Tunisia are Africa’s most industrialized economies but it is the other countries, which have improved the most over the past 10 years, that have made the greatest efforts to move away from economic dependence on extractives toward value-adding sectors. The countries that showed the greatest progress over the past […]

Libya at the brink of an imminent power crisis due to shortage of fuel

On September 9, the General Electricity Company of Libya (GECOL) issued urgent alerts to both the Attorney General and the Chairman of the National Oil Corporation regarding a severe fuel shortage impacting power generation stations nationwide. In its letter to the Attorney General, GECOL outlined how the lack of natural gas and diesel is causing […]

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 […]