King Mohammed VI

China expands yuan payment system to Africa and Asia, challenging dollar dominance

In a strategic move to reduce global reliance on the U.S. dollar, China has welcomed six new financial institutions from Africa, the Gulf, and Central Asia into its Cross-border Interbank Payment System (CIPS). The expansion, announced during a ceremony in Shanghai, brings direct participation in the yuan-based payment network to 174 institutions, as China steps […]

Ugandan, South Sudanese troops join EAC force in DRC’s east as rebels ignore retreat deadline

About 1,000 Ugandan troops and a first batch of at least 45 South Sudanese soldiers have entered the Democratic Republic of Congo (DRC) over the weekend to join the seven-nation East African Community (EAC) military force trying to stem the violence in the country’s eastern region wracked by the M23 rebellion. Ugandan troops operating as […]

Algeria: President, army at tug of war

Algeria is at the mercy of an internal war between its president Abbdelmadjid Tebboune and the army which had backed the ascension to power of the 75-year old man, currently in Germany for medical treatment.   Abdelmadjid Tebboune is unpopular in Algeria and is considered an illegitimate president appointed by the military. His illegitimacy was […]