EAC members bicker over who will host regional central bank to be set up in 2023

A decision to set up the East African Monetary Institute (EAMI) — the Central Bank of East Africa — which is widely seen as a key institution required in implementing a single currency regime, will be made this year, East African Community (EAC) Secretary-General Peter Mathuki has said. Member states have so far failed to […]

Coronavirus sheds 500,000 jobs in Morocco

There were 500,000 more unemployed people in Morocco by June 2020, compared to the same period last year, said the high commission for planning in its updated job market figures since the virus outbreak. The coronavirus and drought have caused a loss of 185,000 jobs in the rural world and 311,000 in urban areas, the […]

Turkey’s Erdogan vows never to meet al-Sisi with political prisoners still in jails

Turkish President Recep Tayyip Erdogan has pledged never to encounter President Fattah al-Sisi if the latter does not free prisoners, including ousted President Mohamed Morsi among other top figures of the Muslim Brotherhood organization. In an interview Saturday Erdogan branded the regime of al-Sisi an “authoritarian and totalitarian” power, insisting that he can never meet […]