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Egypt: Dwindling reserves leading to Pound devaluation

The devaluation of the Egyptian pound seems more and more probable after foreign reserves dropped for the third consecutive month, as shown by the Central Bank data. The foreign reserves have fallen from $20 billion in June to $16 billion in September according to the central bank. The current amount could cover only 3.3 months […]

Zimbabwe president pledges to hold ‘free, fair & credible’ elections in August

General elections that are due to be held later this year will be free and fair, Zimbabwean President Emmerson Mnangagwa vowed during an independence day speech on Tuesday (18 April), but he also issued a warning to “rogue” civic society organizations not to sow “seeds of division and disharmony” in the society. The 80-year-old leader, […]

King Mohammed VI sends message to Tunisian President

King Mohammed VI has sent a message to President of Tunisia Kais Saïed.   The message was handed over to the Tunisian head of state by Moroccan Foreign Minister Nasser Bourita during a meeting at the Carthage Palace in Tunis on Tuesday.   The meeting highlighted the strong relations between the two countries’ leaderships and […]