Son-in-law of President benali – Sakhr El Matri

Morocco exempts military industry operators from corporate tax

In a latest measure to spur the defense industry, the Moroccan government adopted a decree exempting investors from corporate tax. The tax break will benefit manufacturers of defense equipment, weapons, and ammunition, the spokesman for the government said following a cabinet meeting. In June, the government approved a bill to set up two industrial acceleration […]

Burundi: Ex-Premier Bunyoni arrested on coup allegations

Burundi authorities have arrested former Prime Minister Alain Guillaume Bunyoni, who was on the run following an arrest warrant in connection to alleged coup against incumbent leader Evariste Ndayishimiye. The Eastern African country’s ministry of Justice announced Sunday the arrest of Bunyoni who was sacked in September. “Alain Guillaume Bunyoni is currently in the hands […]

Morocco to boost its foreign exchange reserves with $650 mln from IMF

Morocco expects to add 650 million dollars to its foreign exchange reserves as part of $1.2 billion that will be offered to the country under the IMF’s Special Drawing Rights. The sum is to be unlocked by the IMF this August 23 after a historic approval by the IMF Board of Governors to allocate Special […]