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Nigeria caps weekly cash withdrawals, Moody’s warns of ‘very high’ foreign currency risks
Nigeria’s central bank has imposed restrictions on weekly cash withdrawals to limit the use of cash as credit agency Moody’s warned that the country’s banks face tough challenges over a dollar shortage. Foreign currency risk is “very high” for Nigeria’s banking system, according to a report by Moody’s. Nigeria is one of seven countries worldwide […]
Morocco reaps benefits of car industry strategy
One dirham in two received out of industrial exports are generated by the car industry sector which topped Morocco’s industrial exports in 2018 taking 44.5%. The sector employs 85,00 people as the automotive sector’s clusters continue to expand pushing car exports above phosphates and tourism revenues. These achievements are all thanks to the industrial acceleration […]
South Sudan: gunmen kill 15 as UN reports 35% rise in people affected by violence
Unidentified assailants have reportedly shot dead 15 individuals in South Sudan’s Pibor region, including its commissioner, just as a new UN report found that the number of people affected by violence in the country surged by 35% in the last three months of 2023 due to ongoing inter-communal conflict. “The commissioner and his team visited […]



