Mauritania must accelerate economic diversification to achieve its ambition of becoming an upper-middle-income country by 2050, the World Bank said in a report published on Nov 24, citing the limits of a development model driven by extractive industries. “The extractive-led growth path is reaching its end,” the Bank said, noting that while Mauritania posted an […]
17 countries including UN Security Council, EU, African Union, Arab League Sunday in Rome pledged full support to the UN-proposed Libyan Government of National Accord (GNA) and urged Libya political sides to anoint the National Dialogue Agreement on Wednesday as they indicated themselves last week in Tunis. “We fully recognize and support the Libya Political […]
Nigerian naira, Malawian kwacha and Rwandan franc have been named the worst-performing African currencies against the US dollar in 2024, according to a latest report, having faced an array of challenges, from persistent trade imbalances, dwindling foreign reserves, to political instability. Some African nations strengthened their currencies, while others faced worsening exchange rates in 2024. […]
