Son of ex-Mauritanian President under investigation on alleged money laundering charges

Mauritania’s anti-corruption police department has interrogated Bedr Ould Mohamed Abdel Aziz, son of former President Mohamed Ould Abdel Aziz, on alleged money laundering charges. Bedr and the “Rahma de Bienfaisance” foundation he leads are suspected of money laundering and use of public funds for the organization’s private activities. The security forces also seized several properties […]

Moroccan intellectual wins French Academy’s Grand Prix de la Francophonie

The Permanent Secretary of the Academy of the Kingdom of Morocco, Abdeljalil Lahjomri, won the Grand Prix de la Francophonie awarded by the French Academy.   The prize, part of the 2019 list of 64 prizes and medals granted by l’Académie Française, was awarded to M. Lahjomri, ex-aequo with the Czech poet Petr Kral.   […]

Forex: falling euro drags CFA franc down, importing inflation and deepening debt

With the euro having recently declined to less than one US dollar, this development has a direct impact on the CFA franc, which has a fixed exchange rate parity value with the single European currency. The euro’s continued to slide toward the US dollar since 5 July has resulted in a 20-year low, according to […]