ECOWAS lifts sanctions on Mali

Somalia’s banking: Turkish and Egyptian banks issued first post-war licenses

Central Bank of Somalia (CBS) has recently granted its first two foreign banking licenses — to Turkey’s Ziraat Katılım bank and Egypt’s Banque Misr — in decades as the country seeks to rebuild its financial sector and attract international investment. Both state-owned financial institutions were approved by Somalia’s central bank at the start of July. […]

Egypt’s Central Bank:The Country’s Economy’s “Sluggish”

Egypt’s gross domestic product (GDP) growth rate continued to slow down in the first quarter of the 2013/2014 fiscal year to reach slightly more than 1 percent compared to 2.1 percent in 2012/2013, according to the Egypt’s Central Bank. Deputy CBE governor Ranaia al-Mashat said in his statement that economic activity remained sluggish in the […]

Algeria: Algiers Cinema international festival named after Cuban deceased leader

Organisers of the Algiers Cinema international festival have decided to dedicate the seventh edition of the festival to the late Cuban national hero Fidel Castro passed away Friday at the age of 90. “This edition is taking place in the backdrop of a sad context for us which is the death of Fidel Castro. We […]