African Union

Morocco to introduce inflation targeting in 2027, keeps currency peg for now

Morocco’s central bank will begin implementing inflation targeting in January 2027, marking a major shift in its monetary policy framework, while maintaining its current exchange rate regime for the time being, Bank Al-Maghrib Governor Abdellatif Jouahri said. Speaking after the bank’s quarterly board meeting in Rabat Monday, Jouahri said the Moroccan economy is not yet […]

Tunisia breaks ties with IMF amid dispute

Tunisia has taken the decision to sever all communication with the International Monetary Fund (IMF), following claims from President Kais Saied that the IMF is overstepping its role and interfering in the country’s economic sovereignty. This move reflects rising tensions between the Tunisian Government and the global financial institution, which has been a key partner […]

Egypt: Fighter jet crashes during drill

The Egyptian army announced Sunday that a fighter jet crashed during training on Sunday because of a technical error. Army spokesman Gharib Abdel Hafez said the pilot and mate survived the crash. The official did not provide more details on the type of aircraft. The Egyptian army lost several aircraft in similar incidents in the […]