Zimbabwe has finally launched a gold-backed currency to bring down inflation, ending a decade of dollarization. The new currency or Zig- standing for Zimbabwe Gold- is the latest attempt to end hyper-inflation in the country which lasted for 25 years. Zig is intended to be a market-determined exchange rate, said Zimbabwe’s central bank governor while […]
Kuwait’s Foreign minister Sheikh Ahmed Nasser Al-Mohammed Al-Sabah has vowed the Gulf country’s commitment to stand by Burkina Faso in tackling various crises that have gripped the West African country, Burkina Faso 24 reports. Sheikh Ahmed Nasser made the pledge Sunday as he met with his Burkina Faso counterpart Olivia R. Rouamba on the sidelines […]
The European Bank for Reconstruction and Development is holding its first in-person annual meetings since 2019 in Marrakech with the war in Ukraine expected to dominate discussions. The event will bring together representatives from the Bank’s 73 country and institutional shareholders on May 10-12. King Mohammed VI has given his high patronage to the EBRD’s […]
