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AfDB’s stormy forecast: 21 African currencies set to weaken against U.S. dollar in 2025

A new report from the African Development Bank (AfDB) warns that 21 out of 54 African currencies are projected to depreciate against the U.S. dollar in 2025, highlighting continued economic vulnerability across the continent. Major economies like Nigeria, Egypt, Ethiopia, and Ghana are expected to see currency losses of 6% or more, driven by declining […]

Will Morocco’s Sahara host the next Israeli-Arab summit?

During the last Negev summit bringing together Arab foreign ministers with their Israeli and US peers, Morocco’s foreign minister voiced hope to see the next summer held in “another Sahara” alluding to Morocco’s southern provinces. On January 2, Israeli Foreign Minister Eli Cohen said the next summit would be held in Morocco and that he […]

Forced Labor Costs Mauritania its Trade Benefits with US

The US will end trade benefits for Mauritania on January 1 for falling short of abolishing forced labor practices, the US Trade Representative’s Office (USTR) said. Mauritania is not in compliance with requirements of the African Growth and Opportunity Act (AGOA), which provides duty-free treatment for certain goods, USTR said in a statement explaining the […]