BCIJ operation in tetouan

Burundi urges international support to deal with floods aftermath

The small African nation of Burundi is appealing for aid to help address the havoc left by floods that affected hundreds of thousands. The Burundi government estimates the floods have affected 203,944 people, with 19,250 homes and 209 classrooms destroyed. The number of people internally displaced by flooding rose by 25%, reaching over 98,000, according […]

Morocco’s BCP Bank posts 10.6% net banking income increase

Morocco’s second biggest lender, BCP, said its net banking income rose 10.6% to 22.8 billion dirhams in 2023. This performance is attributed to the strengthening of the interest margin by 1.9%, an 8% growth in the commission margin, and an increase in the result from market activities by 65.8%, the bank said. The bank’s net […]

IMF: Algeria Still Undergoes Major Difficulties Due to Lower Oil Prices

Algeria continues to face important challenges posed by lower oil prices, says the International Monetary Fund Executive Board after concluding Article IV consultation with the North African country. Economic growth in the nonhydrocarbon sector slowed to 2.9 percent in 2016, partly under the effects of spending cuts. Inflation increased from 4.8 percent in 2015 to […]