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Algeria: Amnesty Condemns Use of Excessive Force against Peaceful Demonstrations

Algerian security forces must stop using excessive or unnecessary force to disperse peaceful demonstrations against President Abdelaziz Bouteflika’s bid for a fifth term in office, said Amnesty International. Since 22 February, a series of largely peaceful demonstrations have taken place across the country including protests by lawyers, students and journalists opposing a fifth mandate for […]

Moody’s downgrades Tunisia’s ratings to B3 with negative outlook

New York-based credit rating agency, Moody’s, Tuesday downgraded Tunisia’s long-term foreign-currency and local-currency issuer ratings to B3 from B2 with negative outlook.   “Moody’s has also downgraded the Central Bank of Tunisia’s senior unsecured rating to B3 from B2 and the senior unsecured shelf rating to (P)B3 from (P)B2, and maintained the negative outlook. The […]

De-dollarization in Africa: could BRICS currencies challenge greenback?

A recent report by Sputnik Africa claiming that the use of the Russian ruble for trade between Russia and Africa has more than doubled since 2022 is challenged by other sources that report a sharp dip in the share of ruble payments from 23.7% in mid-2022 to 12.7% in mid-2023. Russian ruble usage in international […]