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Morocco surpasses Algeria in foreign exchange reserves

Morocco, a country with a diversified economy, has outpaced hydrocarbon-rich Algeria in foreign exchange reserves, reaching approximately $50 billion in September, according to central bank data. This milestone underscores the success of Morocco’s diversified and productive economy, while exposing the costs of Algeria’s rentier economy which led to restrictive import policies and heavy reliance on […]

Rwanda to waive visa fees for Africans, Commonwealth, OIF citizens

Rwanda is considering waiving visa fees for a broad category of visitors entering the country, President Paul Kagame was quoted as saying in London. While speaking at the International School for Government at King’s College in London, President Paul Kagame said the will is to allow all Africans, citizens of Commonwealth nations and the Francophonie […]

Bank of Algeria has a new Governor

Benabderrahmane Aymane was appointed Governor of the Bank of Algeria, in replacement of Ammar Haiwani who was acting Central Bank Governor since April 2019. The announcement was made by the presidency in a statement. The Bank of Algeria recently made the headlines after issuing a note, ordering banks to require their customers to provide proof […]