The Central Bank of Egypt, (CBE) collected around $5.2 billion (EGP 100 billion from local banks in the weekly open market operations (OMO) as the North African country turns to local, regional and international banks for loans to address growing economic pressures. The CBE data indicate that the funds were raised at a fixed rate […]
Only hours after being sworn in as Senegal’s president on Tuesday (2 April), Bassirou Diomaye Faye named popular opposition figure Ousmane Sonko as the nation’s prime minister. At 44, former tax inspector Bassirou Diomaye Faye is Senegal’s youngest president ever elected. During his campaign, he vowed to fight corruption, promised to renegotiate oil, gas and […]
Morocco’s navy will be bolstered with the acquisition of two Spanish patrol boats made by Navantia, state-owned shipbuilding company, which offers its services to both military and civil sector. The deal, worth €260 million, was reported by Far-Maroc, a website specializing in Moroccan defense news. “Morocco is in a pressing need of patrol boats of […]
