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Tanzania central bank to sell dollars to commercial bank amid liquidity crisis

Tanzania’s central bank will begin selling US dollars to commercial banks to boost liquidity amid high demand for foreign currencies. “The initiative aims to ensure adequate foreign currency liquidity in the market. In addition, it intends to ensure customers’ demands for foreign currency are met through licensed financial institutions at the prevailing market prices,” the […]

EBRD expects Morocco’s growth to slow to 1.1 % in 2022 & rebound to 3.3 % in 2023

The European Bank for Reconstruction and Development (EBRD) expects Moroccan economic growth to decelerate to 1.1 per cent in 2022, before rebounding the following year thanks to the anticipated agricultural performance and return of other sectors to pre-pandemic levels. In its Regional Economic Prospects report released this Wednesday, the Bank says economic recovery in Morocco […]

Libya takes back tourist resort in Tanzanian capital

The Libyan African Investment Company, LAICO, controlled by the UN-backed Government of National Accord (GNA) headquartered in Tripoli, has recovered the ownership of Bahari Beach – a tourist resort in the Tanzania capital of Dar es Salaam, Libya Observer reports. The hotel, property of the Libyan state has been illegally controlled by another part since […]