As expected, Morocco’s Central Bank has finally given its green light to five Moroccan banks to set up Islamic banks – known locally as participative banking- and allowed three banks to sell Islamic products. The regulatory approvals concern the three major Moroccan banks Attijariwafa Bank, BMCE of Africa and Banque Centrale Populaire (BCP), and two […]
The 2019 appropriation bill prepared by the Moroccan government and submitted for the approval of the parliament increases spending on social services, the reduction of social and spatial disparities as well as the promotion of enterprises. To that end, the government planned to spend an additional 7 billion dirhams as the budget dedicated to education […]
Trading in Kenya Airways shares has been suspended for another year, as the indebted national carrier battles to return to profitability and the country’s president says he wants to sell the government’s stake. Stocks in the troubled airline have not been traded since July 2020 in the midst of the Covid-19 pandemic, which devastated global […]
