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Nigeria’s Naira, Kenyan Shilling worst hit of Africa’s devaluing currencies in 2023 with no hope in sight
African countries have faced a myriad of challenges in 2023, not the least of which was currency devaluation, with Nigeria’s Naira and Kenyan Shilling experiencing their largest drop in value against the greenback in 24 and 30 years respectively. While Nigeria and Kenya recorded significant growth across numerous industries, there were still instances of socio-economic […]
OCP to challenge Mosaic petition on anti-competitive practices
Morocco’s phosphates producer OCP group said it will challenge a petition filed by its competitor Mosaic aiming to impose anti-subsidy duties on OCP’s fertilizers exports. OCP has said in a statement that since receiving this petition, it has cooperated with the American authorities, who are evaluating whether the petition warrants investigation, and will challenge the […]
Army ousts Morsi from power
Egyptian army has ousted the country’s President Mohamed Morsi through “a coup” on Wednesday night, after he rejected the 48 hours deadline issued by the army to put the country back to order after numerous protests in Tahrir Square, and a nationwide unrest claiming many lives. The leader of the Army General Abdel Fattah al-Sisi […]



