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Libya-Italy: “Libya on brink of failed state,” Rome laments
On the heels of the barbaric acts committed by ISIS in Sirte over the weekend, Italian foreign minister called on the international community to take quick actions to ensure that Libya does not become “another Somalia” reference to a “failed state.” “We will find ourselves with another Somalia two steps from our coasts,” said the […]
Rwanda regrets expulsion of ambassador from DRC
Rwanda Sunday expressed regret after neighbor Republic Democratic of Congo, DRC, expelled its ambassador Vincent Karega over alleged support for M23 rebel group. “It is unfortunate that the DRC government continues to blame Rwanda for its own governance and security failures,” the spokesman for the Rwandan government said in a statement. Rwanda “remains committed to […]
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 […]



