islmic banks in Morocco

Impaired loans weigh on banks profitability in 2020

Moroccan banks’ impaired loans ratio surged to 8.6% to stand at a record 80 billion dirhams undermining Bank’s profits in 2020, the central bank said in its latest report. The rise of bad loans takes place at a context marked by the impact of the pandemic on economic activity in general and bank loans in […]

UN: African Atlantic States to Meet in Morocco in Q1 of 2023

The African Atlantic countries have decided to hold their next ministerial meeting in Rabat during the first quarter of 2023 to discuss the efforts made to build an African zone of peace, stability and shared prosperity. The decision was made in New York during a meeting chaired by Moroccan foreign minister Nasser Bourita on the […]

Kenya’s finance minister, top officials arrested for corruption

Kenya’s finance minister was arrested on Monday on corruption charges in the East African nation. Mr Henry Rotich turned himself in to authorities on Monday and is currently in police custody, according to the country’s Director of Public Prosecutions Noordin Haji. The charges against Rotich relate to a project to build two hydroelectric dams in […]