President of SC Karel van Oosterom

EU concerned about ‘domino effects’ of military coups in Africa

European Union ministers have expressed deep concern about “domino effects” following last Wednesday’s coup in oil-rich Gabon — the eighth nation in the Central or West African region to be hit by a military takeover in the last three years. The EU is increasingly concerned about the growing number of military coups across the continent […]

East Africa’s weakening currencies don’t improve trade balances, defying economic theories

The depreciation of all domestic currencies in the East African region over the past year has not led — in a defiance of conventional economic theory and expectations of regional economists — to the improvement in trade balances, putting more pressure on foreign exchange rates. The depreciation of a country’s currency is supposed to make […]

Senegal seeks strong ties with military-ruled Mali, Burkina Faso

Newly elected Senegalese president Bassirou Faye started a regional visit with Mali and Burkina Faso in a bid to strengthen ties with neighbors that quit the regional bloc ECOWAS in protest over sanctions following their consecutive coups. In Bamako, Faye held talks on the ECOWAS with Mali’s leader Col. Assimi Goita. Following the talks, he […]