shootout in Cairo

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 […]

Algiers to host Algeria-Russia counter-terrorism consultations

Russia and Algeria are to meet up this Tuesday in the Algerian capital for the second consultations on the cooperation against terrorism established by both countries last year, reports say. Announced by the Algerian foreign ministry, the meeting will be a platform to ponder over regional and international cooperation against terrorism, to address hotbed conflict […]

AfDB, World Bank team up to promote electricity access in Africa

The African Development Bank (AfDB) and the World Bank are working together to provide electricity to 300 million Africans by 2030 through renewable energy system. Some 600 million Africans lack access to electricity, creating significant barriers to health care, education, productivity, digital inclusivity, and ultimately job creation, according to the World Bank. The WB said […]