West Africa to replace CFA franc; new currency pegged to the Euro

Côte d’Ivoire’s President Alassane Ouattara has announced that West Africa’s monetary union has agreed with France to rename its CFA franc the Eco and cut some of the financial links with Paris. The CFA will undergo three major changes, according to Ivorian President Alassane Ouattara. The name will change to Eco in 2020; France, would […]

East Africa: EU Global Gateway struggles to challenge rival China’s BRI

To offer developing countries an “alternative” to China’s Belt and Road Initiative (BRI), the EU launched, in 2021, its €300 billion Global Gateway scheme but as Kenya’s case shows, the EU’s initiative struggles to challenge its Chinese rival. For the European Union, investing in trade routes is about economic development and a way to push […]

Morocco’s Supreme Ulema Council Strongly Condemns Content of Film ‘The Lady of Heaven’

The Supreme Council of Ulema strongly condemns the content of the film ‘The Lady of Heaven’, expressing its categorical rejection of the blatant falsification of established facts in Islamic history. Here follows the English translation of the statement issued by the Council on Saturday in this regard: “The Supreme Council of Ulema has taken cognizance […]