banks

US to remove Gabon, Niger, Uganda and CAR from AGOA trade program

US President Joe Biden announced on Monday (30 October) his intention to end the participation of Gabon, Niger, Uganda, and the Central African Republic (CAR) in the African Growth and Opportunity Act (AGOA) trade program, citing their failure to comply with the eligibility criteria. Launched in 2000, AGOA grants exports from qualifying countries duty-free access […]

COVID-19: African diaspora’s remittances to drop in 2020

The coronavirus pandemic and its economic consequences in host countries will have a negative impact on migrants’ money transfers to Africa, which are expected to fall sharply in 2020, according to World Bank experts. The COVID-19 pandemic is a blow to the economy of the countries on the African Continent, the experts say. In 2019, […]

Polisario suffers another legal setback in New Zealand

The Polisario and its mentor Algeria failed once again in bringing a case in New Zealand against a sovereign fund that imports Moroccan phosphates. The high court in New Zealand has rejected a complaint by the Polisario against the sovereign fund which it said has authority to make investments in line with local laws.   […]