Libya

Currency depreciation triggers millionaires’ flights from Africa

Nearly 20,000 millionaires fled Africa in the past decade due to currency depreciations that eroded their wealth, according to Henley and Partners, a global citizenship and residence consultancy. The number of individuals with a wealth of $1 million in Africa dropped 8% to 135,200, while the number of billionaires was limited to 21 with a […]

Mauritania: Telecom operators ordered to improve services by September 22 or face heavy penalties

Mauritania’s Ministry of Digital Transformation and Modernization of Administration has mandated that telecom operators improve the quality of their services by September 22, 2024, or face substantial financial and administrative penalties. The ministry’s memorandum outlined potential sanctions, including a reduction of up to three months from the duration of existing licenses and fines of up […]

Climate Change: Morocco Chairs 52nd Meeting of Economic Commission for Africa

Morocco’s Permanent Representative to the African Union and the UN Economic Commission, Mohammed Arrouchi, is chairing the 52nd Session of the ECA’s Conference of Ministers which opened works Monday in the Seychelles. Speaking during this two-day gathering, Mr. Arrouchi said climate change is a pressing issue that demands urgent multilateral action. “I believe that our […]