Commissioner for Economic and Financial Affairs, Taxation and Customs, Pierre Moscovici

Africa needs $15bn to increase local manufacturing of mineral fertilizers to boost self-reliance — AU

The Africa Fertilizer and Soil Health summit held in Kenya’s capital Nairobi has recently closed with a 10-year action plan, as the African Union (AU) has said a $15 billion private sector investment is needed to increase manufacturing of mineral fertilizers in Africa. The Africa Fertilizer and Soil Health summit that took place last week […]

Libya Devalues Dinar by 14.7% Amid Falling Oil Revenues and Fiscal Strain

Libya’s central bank devalued the dinar by 14.7%, citing declining oil revenues and mounting economic pressures. The decision followed deliberations at the bank’s first board meeting of 2026, held last week, and was based on recommendations from the Monetary Policy Committee. Following the adjustment, the exchange rate was set at 0.1150 Special Drawing Rights (SDR) […]

Morocco, Safest Country for Business in North Africa, Control Risks

Control Risks, the specialist risk consultancy, issued its 2017 RiskMap showing that Morocco continues to maintain its standing as the safest country for business and travel in North Africa. Morocco was the only country to be given a low security risk status in Riskmap, the leading guide to political and business risk and an important […]