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The African currency rollercoaster ride: struggling against super-strong US dollar

As the global economy sinks into another period of crisis, African currencies are depreciating against the US dollar and rising import costs are adding to inflationary pressures. With around half of all international trade invoiced in dollars, a stronger greenback hurts consumers across the world — including in Africa — that use dollars to pay […]

Chadian President Idriss Deby dies on battlefield after a 30-year long rule

Chadian President Idriss Déby, one of Africa’s longest-serving leaders who has just been re-elected for six more years in power, died of wounds received on the battlefield, the army announced this Tuesday. The announcement came just hours after electoral officials had declared Deby, 68, the winner of the April 11 presidential election, paving the way […]

Tunisia: Audit Flags Heavy Losses Across Public Bodies

Tunisia incurred financial losses exceeding one billion dinars last year across 11 public institutions and companies, according to an official audit report. The Tunisian Court of Auditors released its annual report last week, uncovering widespread financial irregularities and governance lapses. The audit estimates total losses at about 1.07 billion dinars, with the national airline Tunisair […]