Morocco-economy

Togo hosts convention on Eco, the future West African currency

Nearly 200 guests are gathered in Lomé as of this Wednesday to discuss the transition from the CFA to the Eco new currency, decided on December 21, 2019 in Abidjan by the French and Ivorian presidents, Emmanuel Macron and Alassane Ouattara. The plan is for this currency to eventually replace the CFA franc in the […]

Kenyan police under fire as suspected serial killer escapes custody

Kenya’s law enforcement is facing intense scrutiny following the escape of a high-profile suspect and 12 others from police custody. Collins Jumaisi Khalusha, alleged to have confessed to the murders of 42 women, including his wife, managed to flee along with a group of Eritrean nationals detained for illegal entry in the country. The escape, […]

Remittance costs in Sub-Saharan Africa remain high despite fintech’s effort to slash fees

Sub-Saharan Africa remains the world’s most expensive region when it comes to transferring remittances, with an average cost of transferring money of 8.37% in the second quarter of 2024, according to the World Bank’s most recent report. This cost remains significantly above the global average, despite the increasing importance of remittances in the region’s economies. […]