The Mauritanian police in charge of economic affairs has confiscated the passports of three high ranking officials who worked under former President Mohamed Ould Abdelaziz whose 11-year rule (2008-2019) of the North African country is being investigated over corruption and mismanagement allegations. Last week, the country’s top prosecution ordered an investigation into the procurement of […]
Sweden has joined the Netherlands and Luxembourg in making a significant contribution to Africa’s financial development, pledging 50 million Swedish crowns ($4.8 million) to the African Development Bank’s Capital Market Development Trust Fund (CMDTF). This investment, channeled through Sweden’s International Development Agency, aims to strengthen and integrate Africa’s regional financial markets. The initiative serves multiple […]
Following six weeks of protests, Algeria’s ailing President Abdelaziz Bouteflika said he will resign before April 28, the date his fourth term ends. The 82-year-old, who has been in power for 20 years, will ensure “continuity of the state’s institutions” before he quits, according to APS news agency. The announcement comes after the incumbent President […]
