islamic banking

Egypt meets IMF as pound depreciates

Representatives of International Monetary Fund (IMF) and the Egyptian government discussed the important $4.8 billion loan as the Egyptian pound continues on its dive with the foreign reserves depleting. Before the visit, the IMF said they will discuss recent economic developments and “possible IMF support for Egypt in facing these challenges”. It’s Middle East and […]

Is Cuba dropping the Polisario from its agenda?

The Cuban President has totally overlooked the Algeria-backed Polisario and its self-proclaimed Sahrawi Republic SADR, in his address before the XVIII Summit of the Non-Aligned Movement, heralding a change of position regarding the artificial Sahara conflict. In his speech, whose full text was posted on the official website of the Cuban presidency, President Miguel Mario […]

New payment methods, incl. BNPL, in Africa set to continue with strong growth

The global daily value of mobile money transactions in 2022 surpassed forecasts to hit $3.45 trillion, according to a latest mobile money industry report, while in East Africa, the number of transactions grew by 18%. The report by Global Systems for Mobile Communications Association (GSMA) also shows that in 2022 the total value transacted on […]