Moroccan journalist Omar Radi

Libya: US airstrike hits al-Qaeda fighters in Ubari

UN-backed Government of National Accord (GNA) has said it allowed a US airstrike on al Qaeda fighters in the southern city of Ubari. The raid, according to spokesman for GNA leader Faiez Serraj, hit Wednesday a number of fighters of the terror group near Ubari, 900 km south of Tripoli. “This joint work between the […]

Morocco overhauls microfinance regulations with expanded credit limits

Morocco’s microfinance sector faces significant transformation as proposed regulations dramatically increase lending limits and introduce new deposit frameworks, positioning microfinance institutions as crucial intermediaries for small business financing. The draft decree, implementing Law 50-20 on microfinance, establishes differentiated credit ceilings based on institutional structure and client profiles. For associative microfinance institutions serving low-income populations, limits […]

EBRD Lends €2 Mln to Moroccan E-Payment Firm

The European Bank for Reconstruction & Development (EBRD) announced on Thursday the approval of a €2 million loan to Société Maghrebine de Monétique S.A. (S2M), a Moroccan firm that develops e-payments systems. The loan will enable S2M to enhance its competitiveness and increase employment opportunities for young people with on-the-job-training programs Under the Bank’s Blue […]