The Libyan Dinar has plummeted further over the week-end against foreign currencies on the black market now appearing as the only available FOREX market for most Libyans desiring to buy foreign currency owing to lack of central regulatory body. The Libyan Dinar in Tripoli is trading much lower as the one Libyan Dinar is trading […]
Economic leadership that was long concentrated in the West has decisively shifted towards emerging economies, whereby this historic global shift in trade and power is redefining Africa’s role in the world economy, says a new book ‘West to East: A New Global Economy in the Making’. Its author, economist Arno van Niekerk, described in a […]
The inflow of Egyptian arms to Somalia in a context of increasing tension with its Ethiopian neighbor risks triggering a proxy war in the horn of Africa opposing Cairo to Addis Ababa. Reports mentioned a second shipment of Egyptian arms to Somalia this week, despite threats by Ethiopia that such move represents an act of […]
