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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. […]

Egypt: ITFC earmarks $1.1bn for energy, internal trade funding in 2020

The International Islamic Trade Finance Corporation, IFTC, has allocated to Egypt $1.1 billion destined to fund the energy sector and internal trade in 2020, Egypt Today reports. Minister of Trade and Industry Nevine Gamea who made the announcement said $700 million of the funding will go to the energy sector, and $400 million to internal […]

Morocco’s King Calls African Peers to Make of Fight against Corruption a Priority

King Mohammed VI of Morocco has called on his African peers to make of the fight against corruption a priority because this scourge is the biggest obstacle to the continent’s economic and social advancement and to the development of African youths. “The fight against this scourge should be made a priority because corruption is the […]