stop corona spread

Fitch: Deposits in Morocco Islamic Banks to Grow up to 10 %

Islamic banking products in Morocco could expand their deposit bases by 5 to 10 pc, says Fitch Ratings, noting that the ability to grow the deposit base is positive for Morocco’s economic development because deposits represent about 70% of banking sector funding. “We expect growth of participation banks in Morocco will be high initially, as […]

Algeria: Present Politico-Economic Context May Lead to Chaos, Solana

The current tense economic and political situation prevailing in Algeria may lead the country into chaos and uncertainty if current government policies, associated with falling oil prices, continue. The observation was made by former Spanish Foreign Minister and former EU Foreign Policy Chief Javier Solana in an analysis of the situation in Algeria, published by […]

Cameroon, Nigeria to join Ivory-Ghana-led Cocoa cartel, boosting growers’ leverage

Cameroon and Nigeria have requested to join the Côte d’Ivoire-Ghana Cocoa Initiative (CIGCI), a joint body spearheading the interests of the two countries in the Cocoa trade — if both countries are admitted, the initiative will represent about two-thirds of global Cocoa production. The initiative was set up after a 2018 declaration by Ivory Coast […]