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Polisario Admits Sahara Incursions, UN Denies

The UN has refuted Morocco’s protests that the Polisario has conducted incursions in the buffer zone east of the security wall at a moment the Polisario, through its officials and media outlets, has admitted moving militiamen to the demilitarized area. UN spokesperson Stephane Dujarric told reporters in New York that the MINURSO had “not observed […]

Ethiopia to establish its own stock exchange as the nation’s economy opens up

At least 50 companies are expected to list on the Ethiopian Stock Exchange (ESX), set to launch in two years, which will provide a platform for the privatization of the country’s state-owned enterprises. Three months ago, Ethiopia announced it was in the process of establishing a stock market signaling a window of opportunity for cross-listing. […]

Burundi secures $271m loan facility from IMF to support economic reforms

The International Monetary Fund’s executive board has rubber-stamped a $271 million Extended Credit Facility meant to address the country’s protracted balance of payments needs, rebuild external buffers and support the government’s reform agenda. The Washington-based financial bilateral lender will disburse $62.6 million immediately. The loan is Burundi’s first Upper Credit Tranche-quality arrangement with the IMF […]