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Morocco declares end of CMI card-payment monopoly after market reforms

Morocco’s central bank and competition regulator said reforms have ended the long-standing dominance of the Centre Monétique Interbancaire (CMI) in the country’s bank-card payment market, opening the sector to new operators and lowering costs for merchants. Morocco has completed the transition from a market where CMI was the sole provider of merchant card-acquiring services to […]

Egypt plans to privatize 20 state-run companies this year

The Egyptian Prime Minister, Mostafa Madbouly, indicated that the Arab country hopes to list at least 20 state-owned companies in 2023 as part of a larger strategy aimed at generating more revenues, Zawya reports. Not all companies will be listed on the EGX (the Egyptian stock market). Some will see major shares sold to strategic […]

Sahara: Party of French President Emmanuel Macron creates branch in Dakhla, a premiere

The Maghreb and Africa section of La République en Marche, the party of French President Emmanuel Macron has announced, this Thursday, April 8, the creation of two branches in Morocco, in Agadir and… in Dakhla, chief-city of the Sakiat El Hamra province, a step viewed by many analysts as a move towards the full recognition […]