New Uruguayan president Luis Alberto Lacalle Pou

Currency depreciation triggers millionaires’ flights from Africa

Nearly 20,000 millionaires fled Africa in the past decade due to currency depreciations that eroded their wealth, according to Henley and Partners, a global citizenship and residence consultancy. The number of individuals with a wealth of $1 million in Africa dropped 8% to 135,200, while the number of billionaires was limited to 21 with a […]

Mauritania: Parliament adopts a law relaxing creation of associations in the country

No more prior administrative authorization is required to create associations in Mauritania as was the case since 1964. A declaration of creation is now sufficient. The former regime was considered by human rights organizations to be liberticidal, as it served as a pretext for the authorities to repress the leaders of unrecognized associations. Mauritania has […]

Morocco cancels customs duty on oilseeds

Morocco has canceled customs duty on oilseeds and other ingredients used for table oil in order to deal with skyrocketing prices. The decision was announced by the government spokesman Mustapha Baitas following the weekly cabinet meeting Thursday. The decision aims to alleviate the financial burden on households as the price of cooking oil is set […]