EU Neighborhood policy

Experts urge African nations to shift to local currencies for trade and transactions

Experts at a recent 57th Conference of African Ministers of Finance emphasized the need for African governments to prioritize local currencies for trade and transactions. Hanan Morsy, chief economist of the UN Economic Commission for Africa, highlighted that reducing reliance on the U.S. dollar would protect Africa’s economies from external financial shocks. Africa’s use of […]

Egyptian army takes control of commodities imports

Egypt’s army has replaced a supply firm to take full control of the imports of strategic commodities such as wheat, in a move that highlights the growing role of the Egyptian armed forces in the economy, Reuters reported. The army will conduct tenders on wheat and other strategic commodities instead of the General Authority for […]

Spain uses migration as a distraction from its breach of neighborliness with Morocco

Morocco’s foreign ministry expressed its astonishment at the statements of Spanish PM Pedro Sanchez in which he portrayed migration as the root of the problem with Rabat, noting that the genesis of the bilateral crisis is to be found in Madrid’s breach of neighborliness. Sanchez has attempted to mislead the media by blaming Morocco for […]