Angela Merkel

Libya: CBL restores stability and reconnects with international banks

Libya’s Central Bank (CBL) has stabilized operations and reestablished ties with international banks, according to Asim Al-Hajjaji, Director of Compliance. Speaking to Italy’s Nova news agency on September 15, Al-Hajjaji highlighted the bank’s focus on aligning with global regulations and improving transparency. Key efforts include strengthening internal operations and implementing strict measures to combat money […]

West Africa to replace CFA franc; new currency pegged to the Euro

Côte d’Ivoire’s President Alassane Ouattara has announced that West Africa’s monetary union has agreed with France to rename its CFA franc the Eco and cut some of the financial links with Paris. The CFA will undergo three major changes, according to Ivorian President Alassane Ouattara. The name will change to Eco in 2020; France, would […]

Morocco’s Palmeraie Industries & Services Launches Foam Producing Plant in Abidjan

The Moroccan Palmeraie Industries & Services group has launched the construction of a foam producing plant in the industrial zone of Ivorian capital city Abidjan. The future plant, named Uni Confort Côte d’Ivoire Dolidol, is situated in Yopougon and requires an investment of $125,000 (125 million MAD), Moroccan media L’Economiste reports. The plant to cover […]