Bank Al-Maghrib, Morocco’s central bank, decided Tuesday to increase its key interest rate by 50 basis points to 2 percent and to continue to monitor closely the economic developments, both nationally and internationally, and in particular, the evolution of inflationary pressures. The decision was made by the Bank’s Board after having analyzed the international economic […]
The restive North Kivu province in the Democratic Republic of Congo (DRC) has seen more deadly attacks on civilians this week, when ISIS-linked militants killed at least 30 people in several villages and, most recently, armed men attacked a fuel truck on Thursday (15 August) killing at least seven people, including four children, according to […]
The African Continental Free Trade Area (AfCFTA) has potential to increase cross-border remittances by migrants, according to a new report by World Bank, even as international markets remain the largest sources. The AfCFTA has the potential to make cross-border transactions such as remittance transfers by migrants within Africa cheaper through the Pan-African Payment and Settlement […]
