IMF

Comoros’s incumbent President wins another term in office

Azali Assoumani, the President of Comoros, has been declared winner of Sunday disputed elections with 62.97% of the vote, extending therefore his grip on power for five more years. The Independent National Electoral Commission (CENI) released results of the presidential polls on Tuesday January 16. “This triumph is not just mine. It belongs to the […]

Ethiopia declares state of emergency in Amhara, accuses militia of seeking to overthrow govt

Militiamen in the Amhara region have been accused by a senior Ethiopian official of seeking to overthrow the regional and federal governments, as authorities declared a state of emergency following days of fighting. While the Ethiopian army and the Amhara militia were allies in the two-year civil war against the northern Tigray region, but now […]

Morocco to Set Up Market for Non-Performing Loans to Strengthen Financial Stability

Morocco is planning to set up a market for non-performing loans (NPLs) offering the possibility of buying and selling of unpaid loans beyond set deadline. Banks can sell NPLs to reduce risk, free up capital, and maintain profitability, while investors seek to profit by restructuring or recovering value. Morocco’s Central bank, Bank Al-Maghrib, has been […]