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Libya Issues Licenses to 91 New Foreign Exchanges Bureaux amid Dinar Slide and Cash Crisis

The Central Bank of Libya (CBL) has granted final practice permits to 91 companies and foreign exchange bureaux, as the Libyan dinar fell to 8.17 against the US dollar on the black market, amid ongoing cash shortages. The decision was announced on Tuesday, December 9. The CBL said the latest licensing forms part of its […]

Burkina Faso, Mali, Niger introduce 0.5% import tax to fund AES activities

Burkina Faso, Mali, and Niger have introduced a 0.5% tariff on goods imported from third countries, a move aimed at financing their activities within the Alliance of Sahel States (AES). This new tax, named the “AES confederal levy,” will apply to products entering the three countries but will exclude goods from other AES members, as […]

Tunisia: UGTT Draws Line in the Sand about Participation in Unity Government

Tunisia’s powerful labor union UGTT Wednesday underlined its rejection of President Essebsi’s invitation to join the future unity government currently under discussion. The UGTT said in a statement that as a union it is not “its role to join any government.” The UGTT decision was made after a board meeting discussed President Caid Essebsi’s call […]