Morocco
UK fintech giant Revolut eyes Moroccan market
Revolut, the London-based fintech valued at around €41 billion and serving nearly 60 million customers worldwide, is preparing to expand
bank
62 articles
Opinion
Morocco’s increasing economic foothold across Africa
From fertilizer to furniture, Morocco’s presence across the continent is rapidly expanding, driven by shared language and historical ties,
Mauritania
Enko Capital-Oronte consortium takes full ownership of Société Générale Mauritania (SGM)
An Enko Capital-Oronte consortium has finalized the 100% acquisition of Société Générale Mauritania (SGM), after regulatory approval by the Central
Libya
Banking tech firm Backbase helps launch Libyan Islamic Bank’s digital platform
The AI-powered banking tech firm Backbase announced this week the digital launch of Libyan Islamic Bank (LIB) mobile services. It
Tunisia
Tunisia holds key rate at 7.5% as inflation eases
Tunisia’s central bank kept its benchmark interest rate at 7.5% on Wednesday, maintaining March’s cut—the first
Mauritania
Ellalink to expand subsea cable to Mauritania
In a project co-financed by the European Investment Bank and the European Union’s Connecting Europe Facility, subsea cable firm
Algeria
Algeria bans all crypto activities
Algeria has officially banned all activities related to cryptocurrency - including ownership, trading, mining, and promotion, according to a report
Morocco
Revolut eyes Morocco in North Africa expansion drive
Revolut, Europe’s largest digital bank, is preparing to enter the Moroccan market, appointing Amine Berrada to lead local operations,
Sahel
Sahel alliance accelerates plans for new regional bank
Finance ministers from the Alliance of Sahel States — Burkina Faso, Mali, and Niger — agreed in Niamey to fast-track capital release
Morocco
AfDB approves €100 million loan for Morocco’s sustainable agriculture
The African Development Bank (AfDB) has approved a €100 million ($116.4 million) loan to Morocco to boost sustainable agriculture,
Morocco
Morocco moves to regulate cryptocurrencies and launch digital currency
Morocco’s central bank is taking major steps to modernize its financial system by developing its own central bank digital
Algeria
Algeria’s foreign reserves hit lowest level since 2018
In its semi-annual bulletin, the Bank of Algeria announced a sharp decline in its foreign reserves, with the Central Bank
Libya
BP and Shell strike new deals as oil majors return to Libya
BP and Shell have signed fresh agreements with Libya’s National Oil Corporation, marking a major step in the return