Egypt: Dwindling reserves leading to Pound devaluation

The devaluation of the Egyptian pound seems more and more probable after foreign reserves dropped for the third consecutive month, as shown by the Central Bank data. The foreign reserves have fallen from $20 billion in June to $16 billion in September according to the central bank. The current amount could cover only 3.3 months […]

Burundi: Constitutional Court orders President-elect to be sworn in “as soon as possible”

In Burundi, after the death of President Pierre Nkurunziza earlier last week, the Constitutional Court had to choose between an interim president, namely the Speaker of the National Assembly, in accordance with article 121 of the Constitution, or an interpretation of the Constitution that allows for the immediate induction of the elected president. The suspense […]

Morocco selects 6 green hydrogen projects worth $32 bln

The Moroccan government said it has selected 6 projects led by 5 national and international firms to launch green hydrogen projects in the southern provinces, the Sahara, to produce ammonia, fuel, and steel, as part of its offer to investors. The companies that were selected by the “Morocco Offer” committee are: – The ORNX consortium […]