A new report from the African Development Bank (AfDB) warns that 21 out of 54 African currencies are projected to depreciate against the U.S. dollar in 2025, highlighting continued economic vulnerability across the continent. Major economies like Nigeria, Egypt, Ethiopia, and Ghana are expected to see currency losses of 6% or more, driven by declining […]
The Central African Republic, CAR, Monday said an unidentified aircraft hailing from a neighboring country pounded army positions and forces of Russian private security company Wagner in the town of Bossangoa causing material damage, Faapa news reports. The aircraft “dropped explosives in the town of Bossangoa targeting the base of our Defense Forces, that of […]
VM Steel, a Belgian stock-listed exporter of a wide range of steel products has launched a subsidiary, VM Steel Maroc, in Morocco from where it aims to conquer the African continent. The subsidiary is the first international branch of the Belgian steel giant. “The choice of Morocco is not due to chance. Morocco is indeed […]
