Zimbabwe has finally launched a gold-backed currency to bring down inflation, ending a decade of dollarization. The new currency or Zig- standing for Zimbabwe Gold- is the latest attempt to end hyper-inflation in the country which lasted for 25 years. Zig is intended to be a market-determined exchange rate, said Zimbabwe’s central bank governor while […]
The European Bank for Reconstruction and Development (EBRD) announced Friday a €19.2million investment in a certified green bond issue of €95 million by Moroccan national railway company, ONCF. The investment will serve to refinance debt used to build an electrified high-speed rail line in the country. The EBRD is the only international investor in the […]
After they were flushed out of their stronghold in Sirte, the majority of Libyan jihadist fighters are feared to be heading south and attempting to sneak into neighboring countries wherein they hope to regroup particularly in the Sahel zone, according to intelligence experts. Libya shares a long porous border with Algeria and Niger. The vast […]
