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Mauritania, IFM reach $253m loan agreement to curb climate adverse effects

The International Monetary Fund (IMF) will provide Mauritania $253 million in credit facility to help the country mitigate adverse effects of climate change, saharamedias website reports following an agreement between the two sides. The loan will be disbursed in line with the IMF’s resilience and sustainability program designed for the country over the next three […]

Somalia to Open Embassy in Rabat, Consulate in Dakhla

Somalia announced Friday in New York its decision to open an embassy in Rabat and a consulate general in Dakhla. “Somalia decides to open an embassy in Rabat and a consulate general in Dakhla,” said the Somali Minister of Foreign Affairs, Abshir Omar Jama, after a meeting with his Moroccan peer Nasser Bourita, on the […]

Africa to have stronger voice in IMF, as WB warns African central banks against risky monetary initiatives

The International Monetary Fund (IMF) has announced that sub-Saharan Africa will be allocated a third seat on the global lender’s executive board, while the World Bank has warned the central banks in Nigeria, Ethiopia, and Uganda not to overplay their hand in getting involved in risky monetary initiatives. Sub-Saharan Africa will have a “stronger voice” […]