With the euro having recently declined to less than one US dollar, this development has a direct impact on the CFA franc, which has a fixed exchange rate parity value with the single European currency. The euro’s continued to slide toward the US dollar since 5 July has resulted in a 20-year low, according to […]
Ethiopia’s project to construct the Grand Renaissance Dam, a $4.2 billion hydroelectric project that will divert the Blue Nile from its natural course, has flared up passions downstream in Egypt. Although some experts deem that Ethiopia’s move is largely technical and will not alter the water flow that is vital for both downstream states, Egypt […]
The US House of Representatives has passed the ‘‘Libya Stabilization Act’’ (HR 1228) in a move to advance a diplomatic solution to the conflict in Libya and support the people of Libya. Under the act, the US can sanction activities of rebel General Khalifa Haftar’s Libyan National Army (LNA) with respect to Syria (currently under […]
