Libya Central Bank reviews monetary strategy amid years of institutional division

The Governor of the Central Bank of Libya, Naji Issa, on Thursday, July 9, met with the Chairman and members of a follow-up Committee established by the High Council of State to review the bank’s strategy and performance in recent years. The meeting examined the central Bank’s operations, monetary policy measures and the challenges it […]

East Africa bracing for fresh wave of interest rate hikes fueled by Red Sea crisis

East African central banks are being forced to hike interest rates to contain renewed inflationary pressures emanating from surging shipping and insurance costs due to the disrupted crucial trade routes between Europe, the Middle East, and Asia in the Red Sea. The ongoing Red Sea crisis, involving attacks by the Iran-supported Houthi group based in […]

Tunisia: Presidency Slams Meeting between Mohsen Marzouk & Khalifa Haftar

Tension has flared up between the Tunisian Presidency and Machrou Tounes party after a delegation of the party led by leader Mohsen Marzouk met with Libya’s military veteran Khalifa Haftar in what turned out to be parallel diplomacy according to the presidency. Marzouk, a former strong ally of the Tunisian President, met Wednesday with the […]