IMF

Egypt’s current account deficit soars as Suez Canal revenues plummet

Egypt’s current account deficit more than doubled to $5.9 billion in the July-September 2024 quarter, up from $2.8 billion in the same period last year, according to the Central bank on January 16. A significant contributor to this widening deficit was a sharp drop in Suez Canal revenues, which fell by 61.2% to $931.2 million, […]

U.S. denies funding Tunisian President during 2019 elections

The US embassy in Tunisia has branded rubbish allegations by a Tunisian lawmaker that the administration of former President Donald Trump had financed the election of incumbent Tunisian president Kaïs Saïed in 2019. Tunisian parliamentarian Rached Khiari from Ennhadha [leading party in the legislature] on Monday accused Kaïs Saïed to have received $5 million in […]

Rwanda sets 15 July 2024 election date for presidential, legislative polls

Rwanda will hold presidential and parliamentary elections on 15 July next year, the election commission said, with incumbent President Paul Kagame due to run for a fourth term in office to extend his roughly three decades in control of the East African country. A presidential order published in the National Gazette on 11 December has […]