Moroccan PM Saad eddine El Othmani at UN GA

Forex: falling euro drags CFA franc down, importing inflation and deepening debt

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 […]

Africa’s cotton industry to hit $7.7 billion in 2029

Africa’s cotton industry is expected to grow to 7.7 billion dollars by 2029, from a market size of 6 billion dollars in 2024, Mordor Intelligence, a global market screener said. The World Bank and other development institutions are assisting key African producers to boost output. Nearly 50% of African cotton is produced in wet African […]

Libya: Prime Minister, Central Bank Governor Align on Liquidity, Forex Controls, Price Stability Measures

Prime Minister Abdulhamid Dbeibah has met with Central Bank of Libya (CBL) Governor Naje Issa to address what officials described as priority economic and financial concerns, with a focus on liquidity, foreign exchange regulation and price stability. In a statement posted on the government’s official platform, on February 16, talks centred on improving cash availability […]