Tangier CHU

East Africa’s weakening currencies don’t improve trade balances, defying economic theories

The depreciation of all domestic currencies in the East African region over the past year has not led — in a defiance of conventional economic theory and expectations of regional economists — to the improvement in trade balances, putting more pressure on foreign exchange rates. The depreciation of a country’s currency is supposed to make […]

Algeria: EU backtracks in support for revolution as army, parties warn against interference

The European Union has denied it supports the revolution in Algeria after the army and several parties reined in the bloc and warned it against interference. Tension rose between the EU and the North African country end of last week after Marie Arena, President of the Human Right sub-commission of the EU Parliament, indicated that […]

France transfers its first military base to Chadian authorities as influence in Africa wanes

France on Thursday (26 December) officially handed over its first military base to Chad as part of an ongoing withdrawal of French forces from the central African country, which comes after N’Djamena abruptly ended military cooperation with its former colonial power last month. Chad’s military chief of staff said the military base at Faya-Largeau in […]