sahara_laayoune

“Very difficult” 18 months ahead for African banks — Fitch 2022-23 Outlook

The next 12-18 months will be “very difficult” for African banks as widespread inflation, currency devaluations and interest-rate hikes sweep the region, a senior director of credit ratings agency Fitch said on Wednesday (21 September). African economies have struggled over the last year in the face of external forces including lingering effects from the COVID-19 […]

West Africa to replace CFA franc; new currency pegged to the Euro

Côte d’Ivoire’s President Alassane Ouattara has announced that West Africa’s monetary union has agreed with France to rename its CFA franc the Eco and cut some of the financial links with Paris. The CFA will undergo three major changes, according to Ivorian President Alassane Ouattara. The name will change to Eco in 2020; France, would […]

Morocco, NATO to Cooperate in Countering Cyber Security Risks

Cooperation in the field of countering cyber security risks has been at the heart of talks in Rabat between Morocco’s Minister Delegate in charge of the Administration of National Defense Abdeltif Loudiyi and Assistant to NATO’s Secretary General in charge of emerging risks Sorin Ducaru. The two officials examined future cooperation prospects in the field […]