First Independent Mena Newspaper
More than twenty years after its dramatic collapse, the Banque Nationale de Développement Économique (BNDE) continues to haunt Morocco’s financial history. Bank Al-Maghrib, led by Abdellatif Jouahri, has extended by one year the liquidation process of the former state development bank, a delay Jeune Afrique describes as reflecting the difficulty of settling the accounts of […]
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 […]