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Battle for influence: US private security firm in talks with CAR govt to counter Russia’s Wagner

The US private military company Bancroft Global Development is reportedly in talks with the government of Central African Republic (CAR) over “future activities,” as the Russian mercenary group Wagner is in the process of reorganization following the death of its leader Yevgeny Prigozhin. The death of Wagner’s leader has created a window of opportunity in […]

Algeria: Ruling Party’s Secretary Steps Down

Algeria’s ruling party, the National Liberation Front (FLN), was taken by surprise Saturday as the party’s Secretary Amar Sadaani announced his resignation reportedly at the demand of the party’s long-standing president Abdel Aziz Bouteflika. His resignation, according to analysts, is a clear sign of friction between a group around President Bouteflika and a group of […]

Fitch Solutions expect Morocco’s central bank to cut benchmark rate to 2.25% in H2

Morocco’s central bank is expected to take more monetary easing steps in the second half of this year by cutting the benchmark rate to 2.25% from 2.75% currently, Fitch Solutions said. “We forecast that BAM will cut its policy rate in another two steps of 25bps in September and December 2024, to 2.25% by end-year […]