Egypt: Dwindling reserves leading to Pound devaluation

The devaluation of the Egyptian pound seems more and more probable after foreign reserves dropped for the third consecutive month, as shown by the Central Bank data. The foreign reserves have fallen from $20 billion in June to $16 billion in September according to the central bank. The current amount could cover only 3.3 months […]

UN Resets Strategy to Address Root Causes of Sahel Crisis

The UN announced that it has revamped its Sahel strategy to better tackle the root causes of the crisis in a region beset by insecurity, climate change, poverty and extremism. “The Sahel is a priority for the Secretary-General and the entire United Nations system,” Deputy Secretary-General Amina Mohammed told a conference being held in Nouakchott, […]

Russian navy ship docks in Tanzania, highlighting deepening bilateral ties

The Russian naval training vessel Smolny has docked in Tanzania’s port city of Dar es Salaam, marking a significant moment in the deepening relationship between Moscow and Dodoma. The stopover — Smolny’s fifth during its current long-range voyage — brought over 300 naval cadets to Tanzanian shores. Welcomed by senior Tanzanian officials and Russia’s ambassador, […]