Salem Bazoum, the son of Niger President Mohamed Bazoum, who has been imprisoned with his parents at the presidential residence since the coup in July 2023, was provisionally released on Monday (8 January), the country’s military tribunal said in a statement. The military tribunal in Niamey granted the 23-year old son of the former president […]
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 launch of the gradual float of the Dirham to reach a flexible exchange rate regime will not lead to currency devaluation reassured Governor of Bank Al Maghrib, Abdellatif Jouahri. Speaking at a press conference in Rabat, Jouahri played down the speculations on risks of Dirham devaluation due to the currency float saying that the […]
