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Fitch Ratings highlights resilience of Moroccan banks

Credit fundamentals of major Moroccan banks are recovering slowly from the negative impacts generated by the covid-19 pandemic, says Fitch Ratings. The global health crisis caused a 6.3 pc Moroccan GDP contraction in 2020, the worst contraction in 25 years. “The banks’ asset quality and profitability weakened noticeably in 2020. Nonetheless, their credit profiles were […]

Cameroon: Paul Biya set February 2020 for legislative polls

Cameroon’s presidency announced on Sunday that parliamentary elections will be held in the first quarter of 2020. The elections were postponed twice due to growing threats from armed separatists in the two English-speaking regions and attacks from Boko Haram terror group in the country’s farthest Northern region. Separatists have vowed to disrupt the elections in […]

Morocco to Repatriate Stranded Nationals in Libya

Moroccan authorities are taking the necessary measures to repatriate the migrants who are held by human trafficking networks in Libya, their crossing point to Italian coasts, Spokesperson for the government Mustapha El Khalfi said. The Libyan army has freed several Moroccans, estimated at more than 200 people, from the yoke of the criminal networks and […]