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    Kenya's president signs bill capping interest rates

    August 27, 2016

    A bill capping bank interest rates in Kenya was recently signed into law to regulate applicable rates to bank loans and deposits.

    President Uhuru Kenyatta signed into law the bill capping bank interest rates at 4 per cent above the Central Bank Benchmark Rate, currently at 10.5 per cent.

    The"...

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    Tunisia: Prime Minister warns of austerity, job cuts

    August 27, 2016

    If Tunisia does not overcome its economic difficulties, an austerity programme will be inevitable next year with thousands of public sector job cuts and new taxes, prime minister-designate Youssef Chahed told parliament on Friday.

    The North African state is struggling with lower tourism revenues after two Islamist militant attacks on foreign tourists last year hit what is one of its key industries. Strikes"...

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    Kenya: Lending rate cap hits shares again, sparks growth fears

    August 27, 2016

    Kenyan bank shares plunged for a second day on Friday after President Uhuru Kenyatta sought to boost the economy by capping lending rates and analysts said his attempt to encourage lending may prove counterproductive.

    Kenya, East Africa's biggest economy, stopped controlling commercial rates in the early 1990s. The industry has since grown to offer the highest return-on-equity for lenders on the continent,"...

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    Foreign debt in Algeria starting from January

    August 27, 2016

    The government will put a suggestion to supervise foreign debt licence for national enterprises. A set of conditions and feasibility study will be established.

    The government now plans to authorizing foreign debt as part of the financial draft bill 2017. A new measure will be taken to enable Algerian enterprises to borrow money to fund investment projects, Echorouk has learnt.

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    Morocco, Third Most Attractive Investment Destination in Africa,... August 25, 2016

    Efforts and investment policies implemented by Moroccan authorities to make the kingdom one of the first investment destination in Africa are paying off.

    The Paris-based"...

     

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