The Board of Directors of the African Development Bank has approved a $1 billion exposure exchange with the Asian Development Bank that aims to strengthen their capital adequacy levels and boost their lending capacity. The transaction, sealed last week, will support AfDB efforts to unlock additional sovereign lending headroom. It will also bolster continued efforts […]
International Anti-Corruption Day was celebrated all across North African earlier this week with dismal news on the fight against bribery. Overall, the latest Corruption Perceptions Index (CPI) from Transparency International showed little to no improvement in graft around the region. For example, in Libya, the situation got even worse when the country was ranked as […]
Chinese manufacturers and content creators are pulling back the curtain on the luxury fashion industry, revealing that many high-end products from renowned brands are produced in China at a fraction of their retail price before being sold with European labels. The viral TikTok trend is challenging consumer perceptions about luxury goods, showing that items from […]
