Rwandan FM Dr. Richard Sezibera with El Othmani

Guinea to revamp central penitentiary center hosting former leader Moussa Dadis Camara

Mamadi Doumbouya, the leader of transition in Guinea has vowed to refurbish the overpopulated central prison which hosting former President Moussa Dadis Camara, Africa Guinee reports. The project according to the media is slated to start next week and seeks to improve the conditions of inmates. The center built during the colonial era with a […]

Ghana proposes $13 billion bond restructuring to address economic woes

Ghana has extended an invitation to holders of approximately $13 billion in international bonds to exchange their holdings for new instruments. This offer follows a preliminary restructuring agreement with two bondholder groups. The deadline for the offer is September 30, with an early deadline of September 20 offering a 1% consent fee for early participants. […]

Fitch Rating expects Moroccan banks profitability to improve in 2023

Fitch Rating highlighted the positive outlook for the seven largest Moroccan banks in 2023 whose profitability is set to improve on the back of a better risk management. “We expect profitability will improve at a faster pace in 2023 as lower impairment charges (LICs) should continue to decline while higher rates will start to feed […]