Arab Monetary Fund

Senegal: Ringleader of foiled June-drug-trafficking at Dakar port surrenders to justice

The mainstay in the busted trafficking of nearly 800 kg of drug in June at Dakar port has surrendered himself to authorities as Mexican and Brazilian cartels threaten to kill him over the foiled operation, reports say. At large since late June when security forces seized 798 kg of cocaine hidden in 15 brand new […]

Morocco’s 2023 budget to foster well-fare state

The ministerial council chaired by King Mohammed VI has approved a draft budget that aims at fostering the pillars of the welfare state by focusing on the generalization of social protection, upgrading the education system, improving access to social housing and protecting vulnerable groups. The draft budget expects a growth rate of 4% and a […]

Burkina Faso, Mali, Niger introduce 0.5% import tax to fund AES activities

Burkina Faso, Mali, and Niger have introduced a 0.5% tariff on goods imported from third countries, a move aimed at financing their activities within the Alliance of Sahel States (AES). This new tax, named the “AES confederal levy,” will apply to products entering the three countries but will exclude goods from other AES members, as […]