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 […]
Kuwait has decided to close its embassy to Gabon, as part of its global diplomatic downscale, Gabonese media reported. The decision was announced by Kuwaiti chargé d’affaires to Libreville during a farewell visit to Gabon’s foreign minister Michel Régis Onanga M. Ndiaye, Gabon Review reported on July 23. The media reported that, despite the closure, […]
After the FTX cryptocurrency exchange’s collapse earlier this month that has left a trail of losses for companies and individuals, Africa’s financial regulators have sensed an opportunity to place stricter constraints on crypto’s adoption. Before FTX’s meltdown, the crypto giant was becoming a force for normalizing cryptocurrencies in Africa, through marketing campaigns that enlisted entertainers, […]
