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IFC and EOS Prepare €60 Million Bad-Debt Vehicle for Morocco

Facing a continuous rise in non-performing loans on Moroccan bank balance sheets, the International Finance Corporation (IFC) and German group EOS Holding are preparing an investment vehicle worth up to 60 million euros. The operation aims to create new capacity for buying and managing distressed assets while helping a secondary market for bad debt emerge […]

Libya: Four fighters of Russian mercenary company die in helicopter crash

Four fighters of the Russian mercenary company, Wagner group, died Wednesday after their helicopter crashed in central Libya, Anadolu news agency reports. The aircraft, carrying ammunition, allegedly exploded into the air and crashed in the town of Sukna, in the city of Al-Jufrah, the spokesman of military forces aligned with UN-backed Government of National Accord […]

Polisario Loses Support of 43 Countries around the Globe

Support for the Algerian-sponsored separatist thesis in the Moroccan Sahara is waning as 43 countries have over the last years withdrawn their recognition of the SADR entity, said Spokesperson for the Moroccan government, Mustapha EL Khalfi. Morocco is making progress with regards to gathering international support for its sovereignty over the Sahara as evidenced by […]