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Chad declares state of emergency as floods leave millions in despair

Chad’s President Mahamat Idriss Deby has declared a state of emergency over flooding that is affecting more than a million people in 636 localities in the country while swallowing up more than 465,000 hectares of fields. While not uncommon during Chad’s rainy season, which usually runs from May to October in its southern regions, this […]

Morocco’s tax revenues jumps 21% by August

Morocco’s domestic tax revenues rose by an unprecedented 21% year-on-year by the end of August, signaling a remarkable fiscal performance ahead of the presentation of the draft Finance Bill for the upcoming legislative session, scheduled before October 20. The surge reflects a dynamic tax environment, with the country’s three main levies (corporate income tax (IS), […]

Libya E-Payment System Collapses After Record Two Million POS Transactions in a Single Day

Central Bank of Libya has issued an apology following a major disruption to the country’s electronic payment infrastructure, after an unprecedented surge in transaction volumes triggered system instability across commercial banks. According to the Bank, around two million point-of-sale (POS) transactions were recorded in a single day across approximately 67,000 terminals nationwide, placing excessive strain […]