Rabat Hosts Euromoney Conference 2019

Military-ruled Sahel states create confederation, rule out return to ECOWAS

Burkina Faso, Mali, and Niger announced the creation of a confederation that will bring the three nations under one institutional umbrella, in a decision that signals a no-return to the West African regional bloc, the ECOWAS. The leaders of the three countries announced the confederation decision at a summit in Niamey, accusing ECOWAS of taking […]

Morocco’s Central Bank raises rates to 2% to fight inflation

Bank Al-Maghrib, Morocco’s central bank, decided Tuesday to increase its key interest rate by 50 basis points to 2 percent and to continue to monitor closely the economic developments, both nationally and internationally, and in particular, the evolution of inflationary pressures. The decision was made by the Bank’s Board after having analyzed the international economic […]

USA to grant Angola $2million to combat money laundering

The United States will grant Angola around two million dollars in ongoing assistance for combating money laundering and terrorist financing, the US Deputy Secretary of State has announced. John Sullivan made the announcement in Luanda Monday at a joint press conference with Angolan Foreign Minister Manuel Augusto at the end of a meeting of the […]