FUSTAL in Laayoune

Morocco’s Central Bank Holds Interest Rate at 2.25%, Sees Growth at 5% in 2025

Morocco’s central bank kept its benchmark interest rate unchanged at 2.25% on Tuesday, citing contained inflation and steady economic recovery, while projecting growth to reach 5% in 2025 before easing to an average of 4.5% in 2026 and 2027. Bank Al-Maghrib’s board, meeting for its fourth quarterly session of the year, said agricultural output is […]

Libya seeks recovery of $60 Billion Gaddafi-Era investments in U.S. Treasury

The African Energy website reported Monday, December 2 that Libya is seeking to recover over $60 billion in assets secretly invested in U.S. Treasury bonds during Muammar Gaddafi’s regime. The funds, previously unknown, were reportedly funneled through complex networks starting in the 1990s, bypassing strict international sanctions. A delegation led by Mohammed Mansli, Director General […]

Sierra Leone’s immigration chief fired after video surfaces with Europe’s most wanted drug lord

Sierra Leone’s president Julius Maada Bio has fired Alusine Kanneh, the country’s head of immigration, following the publication of a video showing Kanneh with Johannes Leijdekkers, a notorious Dutch drug kingpin. The footage, which emerged on 7 March, shows Kanneh receiving a birthday gift from Leijdekkers, who is wanted across Europe for drug trafficking and […]