The European Bank for Reconstruction & Development has approved a €9.7 Million loan to Fondation Albaraka, one of the largest microfinance institutions in Morocco for on-lending to local micro enterprises. Access to finance through banks remains extremely limited for micro, small and medium-sized enterprises (MSMEs) in Morocco. The EBRD funds will offer much-needed support for […]
Libya’s Central Bank (CBL) has stabilized operations and reestablished ties with international banks, according to Asim Al-Hajjaji, Director of Compliance. Speaking to Italy’s Nova news agency on September 15, Al-Hajjaji highlighted the bank’s focus on aligning with global regulations and improving transparency. Key efforts include strengthening internal operations and implementing strict measures to combat money […]
Sudan’s military led government, which has been mired in a civil war for over a year, rejected a call for sending UN peacekeepers to the country, amid a surge in atrocities against civilians. Earlier this month, the UN’s Independent International Fact-Finding Mission for Sudan urged sending peacekeepers to the country and imposing an arms embargo […]
