Centre for European Reform

Algeria Struggles to Catch up with Neighbors on Islamic Finance

Battered by the oil price slump, the underdeveloped banking sector in Algeria sees new financing sources in Islamic finance to tap into the huge informal economy and catch up with Morocco and Tunisia, which have already allowed such participatory banks to operate. As it edges towards offering banking services to suit more religiously conservative investors, […]

Burkina Faso: Attack against response unit leaves four dead

An attack against a response unit of the Burkinabe national police in the province of Sanmatenga, in the center-north of Burkina Faso, left four dead, including three policemen, and five injured. The attack was perpetrated by armed men on the Pissila-Gibga axis, said the police in a statement.   Meanwhile, around 20 alleged terrorists were […]

King Mohammed VI Draws up Diagnosis of Obstacles to Morocco’s Social Development

In a frank tone, King Mohammed VI delivered a speech on the occasion of the eighteenth anniversary of Throne Day drawing up the main obstacles to Morocco’s human and social development model and the factors hindering the full achievement of social justice and the rule of law in the country.     Underperforming civil service […]