IMF

Morocco’s Interior Ministry warns against using charity for electoral ends

Morocco’s interior ministry has warned to take action against those who resort to charity during the holy month of Ramadan for electoral purposes, Moroccan media said. The distribution of charity requires a permit from competent authorities, the ministry said. Many politicians use charity by distributing foodstuff to the needy as a means to win new […]

Three Egyptian banks to launch $83m fintech fund

Three Egyptian banks, including Banque du Caire, will launch this month a fintech fund estimated at around $83 million amid increase in investment in Egypt’s fintech industry. Banque du Caire is joined by National Bank of Egypt (NBE) and Banque Misr to carry out the initiative, Rasha Negm, Assistant Sub-Governor Information Technology at NBE indicated. […]

Germany backs Morocco’s reforms – Joint Statement

Germany supports the reforms undertaken by Morocco over the past two decades, which have led to significant political, economic and social progress under the leadership of King Mohammed VI, underlined a Joint statement issued on Thursday following video talks between Foreign Minister Nasser Bourita and German Minister for Economic Cooperation and Development, Svenja Schulze. The […]