Egypt’s President Fattah al-Sisi Sunday officially replaced his Rwandan counterpart as chair of the African Union (AU) headquartered in Addis Ababa, Ethiopia. The summit of the pan-African bloc gave Egypt the Pan-African organization’s top seat, for the first time since 2002. The rotating chairmanship moves every year between the four regions of the organization. The […]
Algeria’s finance Minister, Karim Djoudi, has precised that the country will not be buying shares in foreign companies overseas to increase its foreign exchange reserves. He firmly said that “this choice is not part of our policy of foreign exchange reserve management,” reiterating its strategic choice to invest in government bonds, although with modest yield […]
Renegade army general Khalifa Haftar has been proposed by the president of the Libyan House of Representative Aguila Saleh as the top army commander and the parliamentarians have supported it. Haftar has his own forces and was fighting against the Islamists in the East before forming a coalition with the Libyan army last year. Authorities […]
