Morocco opens digital payment market, ends CMI’s near-monopoly

Morocco has officially dismantled the near-monopoly held by le Centre Monétique Interbancaire (CMI) over electronic payment terminals, marking a major shift in the country’s digital economy and financial sector. The reform, which took effect on May 1, 2025, allows banks, fintech firms, and independent payment providers to directly offer point-of-sale (POS) services to merchants, a […]

Indian pharma company halts cough syrup production after Gambia child fatalities

India has halted all production at Maiden Pharmaceuticals’ main factory near New Delhi after a WHO report that the company’s cough syrups exported to the Gambia may be linked to the deaths of dozens of children there. The recent incident which has claimed the lives of 69 children, according to WHO, has come as a […]

IMF to send team to Tunisia for further talks about credit facility

An International Monetary Fund team of experts will travel to Tunisia late this month to continue talks with authorities about the North African country’s request for a loan. “A small team of IMF experts plans to visit Tunisia this month for further discussions with the authorities to build on what I can describe as good […]