The Central Bank of Libya (CBL) has granted final practice permits to 91 companies and foreign exchange bureaux, as the Libyan dinar fell to 8.17 against the US dollar on the black market, amid ongoing cash shortages. The decision was announced on Tuesday, December 9. The CBL said the latest licensing forms part of its […]
The African Development Bank, through its Financial Sector Development’s Trade Finance operations, has launched a Transaction Guarantee instrument designed to provide up to 100% cover for non-payment risk to regional and international banks, for trade transactions initiated by local banks in Africa. The guarantee will cover an array of trade finance instruments, including confirmed letters […]
Moroccan authorities announced on Wednesday the arrest of four jihadists who were active in the region of Taza, 120 kilometers east of Fez. The members of this terror cell, aged between 33 and 38, were captured by the Central Bureau of Judicial Investigation (BCIJ), Morocco’s FBI. Their leader is a former fighter in the Syrian-Iraqi […]
