Bank Al-Maghrib, Morocco’s central bank, decided Tuesday to increase its key interest rate by 50 basis points to 2 percent and to continue to monitor closely the economic developments, both nationally and internationally, and in particular, the evolution of inflationary pressures. The decision was made by the Bank’s Board after having analyzed the international economic […]
France faces a significant challenge to its influence in West and Central Africa as Chad, Senegal and most recently also Ivory Coast have announced the end to traditional military cooperation with their former colonial master, experts say, adding that this would unravel France’s remaining logistics and military footprint in the region. In recent months, six […]
The European Union (EU) has granted Egypt $40 million earn-marked for the improvement of food security in the North African country, Egypt’s International Cooperation Ministry said in a statement. The EU will provide the funds through the Italian Agency for Development Cooperation (AICS). Per the deal, the AICS will partner with the Egyptian Ministry of […]
