The year 2019 has wrapped up with promises of landmark reforms to be carried out in 2020, a year before 2021 elections. In 2019, King Mohammed VI urged the implementation of decentralization, a new development model and an efficient government. It was also a year to celebrate Morocco’s improvement in the doing business index, its […]
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 […]
Tunisia’s financial and economic woes have reached worrying stages forcing the government to curb its expenses. The state will be reducing the salaries of its employees. Algeria will be buffing up the coffers of the Tunisian Central bank foreign currency reserves, offer loans and grants that it will help to cover the expenses of the […]
