RWG

Somalia: US imposes sanctions on 14 men to sap al-Shabaab finances

The United States government on Monday (17 October) imposed sanctions on 14 men, including six it said were part of a network that has engaged in weapons procurement, financial facilitation and recruitment for the Somalia-based al-Shabaab militant Islamist group. This new, expansive round of sanctions is in addition to drone strikes and military advice from […]

African central banks’ rigid exchange rate regulation scrutinized by IMF

The International Monetary Fund (IMF) has slammed African central banks for their misguided currency regulation, especially with regard to the ineffective disposal of their foreign exchange reserves. In particular, the IMF has scrutinized the African central banks’ rigid exchange rate regulations, criticizing them for disposing of their foreign exchange reserves in an ineffective attempt to […]

Kampala NAM Summit supports UN political process on regional dispute over Sahara

The 19th Summit of the Non-Aligned Movement (NAM) reaffirmed, at the end of its proceedings Saturday in Kampala, Angola, its support for the UN political process concerning the regional dispute over the Sahara, with a view to reaching a “mutually acceptable political solution.” The Heads of State and Government of the Non-Aligned Movement welcomed the […]