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Hungary, a Logistics Hub for Morocco’s exports to Russia, Balkans- Hungarian FM

Hungarian Foreign Minister Peter Szijjarto said after talks with Moroccan government members in Rabat that his country can serve as a logistics hub for Morocco’s exports to Russia and Balkan countries. “Hungary can serve as a logistics hub for Morocco’s exports towards Europe, Russia and Balkan countries,” Szijjarto was quoted as saying in a statement […]

East African economies powering ahead, EAC may become continent’s next regional powerhouse

East Africa could soon become Africa’s economic powerhouse if ongoing plans to expand the seven-member East African Community (EAC) are implemented successfully, as latest figures from the International Monetary Fund (IMF) indicate. The EAC’s gross domestic product is expected to hit $346.17 billion in 2023, according to the IMF’s latest forecast, which can be attributed […]

South Africa’s Rand depreciates after poll showing Zuma’s political return

A Bloomberg report on a poll showing a drop in ANC popularity ahead of the upcoming elections was enough to plunge South Africa’s currency, the Rand. The poll revealed that corruption-plagued ANC will face its first-ever electoral test since apartheid due to a surge in support for former president Jacob Zuma and his uMkhonto Wesizwe […]