The Central Bank of Libya (CBL) has announced a significant 13.3% devaluation of the Libyan dinar, adjusting the exchange rate to 5.5677 dinars per US dollar, effective from April 6, 2025. This decision marks a shift from the previous rate of 0.1555 to 0.1349 Special Drawing Rights (SDRs) per dinar. The move comes as part […]
Somalia sits at the bottom on the list of 180 countries of the 2022 Corruption Perceptions Index by Berlin-based corruption watchdog Transparency International, which blames terrorism and armed conflict in the east African country for creating world’s biggest breeding ground for corruption. The never-ending conflict in Somalia remains the leading cause of the runaway corruption, […]
Gabon’s President Ali Bongo has vowed to continue leading the central African country with a view to “finishing the job”, few months ahead of the presidential elections scheduled for August. The 64-year old man has not officially indicated plans to run for a third term but many believe he will do so. “I felt a […]
