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UN hits back at Algerian regime’s baseless accusations against Morocco

The United Nations has flatly rejected the baseless accusations made lately by the Algerian regime, alleging that Morocco targets civilians in drone attacks carried out in the security berm in the Moroccan Sahara. During his daily press briefing held at the UN Headquarters in New York, Farhan Haq, Deputy Spokesman for the UN Security General […]

Ghana signs debt restructuring deal with bilateral creditors

Ghana signed a memorandum of understanding with bilateral creditors, including France and China, to restructure $5.4 billion worth of debt. The deal was seen as a prerequisite for unlocking $360 million from the IMF under a $3 billion bailout program next month. Ghana was the second African country to default on its debt following Zambia […]

Russia, India to move away from US dollar in their trade exchanges with Africa

Trade exchanges between Russia and Africa should move away from the US dollar and be facilitated by transition to national currencies, Russian President Vladimir Putin has said, just as Tanzania and India have inked an agreement establishing a platform by which their bilateral trade will be carried out in their own currencies, not the dollar. […]