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Morocco reinvigorates cooperation between Africa’s Atlantic countries
Morocco gave a fresh reset for cooperation between African countries bordering the Atlantic coast by convening an event in Rabat bringing together foreign ministers and representatives from 15 states to discuss shared challenges relating to peace, stability and prosperity. In a speech at the opening of the event this Wednesday, foreign minister Nasser Bourita shed […]
Egypt-based online payment service Fawry denies connection with Silicon Valley Bank
Egypt’s leading e-payments solutions provider Fawry denied Monday any affiliation with Silicon Valley Bank (SVB), nor any of its subsidiaries, weeks after US authorities ordered the closure of SVB with the Federal Deposit Insurance Corporation (FDIC). The company in a press release also confirmed that it does not currently have any relationships with any bank […]
Russia, India to move away from US dollar in their trade exchanges with Africa
Trade exchanges between Russia and Africa should move away from the US dollar and be facilitated by transition to national currencies, Russian President Vladimir Putin has said, just as Tanzania and India have inked an agreement establishing a platform by which their bilateral trade will be carried out in their own currencies, not the dollar. […]



