As issues relating to Russian influence in the EU, US and the Middle East are in the limelight, Russia continues to quietly make inroads in North Africa where it has been gaining a foothold in Libya and boosting its military exports to Algeria and Egypt while strengthening economic ties with Morocco and Tunisia, said the […]
With Chinese lending to Africa shrinking, the continent must focus on increasing its internal trade, diversifying trade-able goods away from commodities, and developing and solidifying its relationships with other global economic partners, according to a senior official at the Asia Business Council. The continent has long had robust economic ties with China, but now faces […]
Sierra Leone has asked the International Monetary Fund (IMF) for a 38-month Extended Credit Facility (ECF) arrangement worth about $253 million. The facility would support restoring stability through continued macroeconomic adjustment to address debt vulnerabilities, reduce inflation, and rebuild international reserves; bolster inclusive growth and poverty reduction through structural reforms and targeted social spending; and […]
