Moroccan, Russian Central Banks Sign MoU to upgrade cooperation

Morocco’s central bank (Bank Al-Maghrib) and Bank of Russia (Central Bank of the Russian Federation) have signed a memorandum of understanding (MoU) aimed at improving and strengthening cooperation between the two Institutions. The agreement covers the exchange of information and expertise in several areas, including developing and implementing monetary policy. It also covers macroprudential policy, […]

World Bank calls for further lowering of remittance costs to Sub-Saharan Africa

The World Bank and industry stakeholders have called for the lowering of the cost of sending remittances from the African diaspora to their home countries, as the money sent home is crucial in supporting household expenses in many developing countries. Sub-Saharan Africa remains the region most affected by the global crisis, but remittance inflows from […]

Kenya’s non-NATO-ally status under threat as U.S. launches security review

The United States has launched a sweeping reassessment of Kenya’s Major Non-NATO Ally (MNNA) status, raising alarm over President William Ruto’s growing ties with China, Russia, Iran, and links to extremist groups. Granted in June 2024, Kenya’s MNNA designation made it the first sub-Saharan African country to join an exclusive list of U.S. defense partners. […]