Ethiopia has rejected the World Bank’s (WB) mediation over the row with Egypt concerning the repercussions of the giant hydroelectric dam Addis Ababa is building on the Nile River, Cairo deeming the project threatens its water security. The Ethiopian stance was expressed by Prime Minister Hailemariam Desalegn on Sunday. “Ethiopia will not accept Egypt’s request […]
The United Nations-sponsored Libyan Government of National Accord (GNA) held Wednesday its first official cabinet meeting since it arrived in capital Tripoli late March. Prime Minister-designate Faiez Serraj chaired the meeting in his provisional offices located in a naval base. The meeting was attended by Serraj’s two deputies, Ahmed Maetig and Fathi Majbri, and 16 […]
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 […]
