Libya: Haftar rules out negotiations with Turkey in letter to Washington

Rebel General Khalifa Haftar has brushed aside every possibility of talks with Turkey and called on Washington to thwart arm delivery to Ankara-backed Government of National Accord (GNA). In a letter to the Trump administration, Haftar requested from the US an international monitoring of land and sea borders to disallow the arrival of weapons to […]

African central banks’ rigid exchange rate regulation scrutinized by IMF

The International Monetary Fund (IMF) has slammed African central banks for their misguided currency regulation, especially with regard to the ineffective disposal of their foreign exchange reserves. In particular, the IMF has scrutinized the African central banks’ rigid exchange rate regulations, criticizing them for disposing of their foreign exchange reserves in an ineffective attempt to […]

Sudan: AfDB $19.85 million grant to support humanitarian recovery & resilience

The Board of Directors of the African Development Bank has approved a $19.85 million grant to support a humanitarian and resilience operation in Sudan over the next two years. The grant is intended to improve the livelihoods of vulnerable populations and ease the impact of the ongoing conflict on communities and infrastructure. The project has […]