Egypt contemplating $2.5-bilion loan to address growing economic pressures

Egypt is considering taking a loan estimated at around $2.5 billion from regional and international lenders to tackle growing economic pressures, reports say. The government, Bloomberg has revealed citing sources familiar with the matter, is negotiating with regional and international banks over the details of the financing. The talks, the unnamed sources told the US […]

Tunisia risks inflationary spiral as president seeks Central Bank funding for state budget

Economists warned Tunisia could plunge into an inflationary spiral if the central bank accepts direct financing of the state budget. Inflation was already at 8.1% in December and is expected to further raise and take a monetary character if the central bank accepts direct funding of the government. Tunisia’s president Kais Saied has asked for […]

Latest jihadi attack on Burkina Faso convoy leaves 11 killed, dozens missing

At least 11 soldiers have been killed and 50 civilians were missing in Burkina Faso after armed fighters attacked a 150-vehicle military-escorted convoy taking supplies to a northern town, the country’s government has said, condemning the “barbaric, cowardly” attack. The government said the assault took place on Monday (26 September) in Soum province, where armed […]