Sudan greenlights plan for first Russian naval base in Africa

Sudan has confirmed that plans for Russia to establish its first naval base in Africa, on the Red Sea coast, will move forward, signaling a significant shift in the region’s geo-strategic balance. The announcement came after Sudanese foreign minister Ali Youssef Ahmed al-Sharif met with Russian counterpart Sergei Lavrov in Moscow on 12 February. The […]

Togo’s elections: opposition vows to reorganize after ruling party’s sweeping victory

Togo’s opposition has vowed to “reinvent” itself after winning just five seats in the country’s legislative elections held on 29 April, while the ruling Union for the Republic party (UNIR) has clinched a sweeping victory. Opposition parties had hoped for a strong showing in last week’s ballot, which they dismissed as an “electoral masquerade”, after […]

Morocco’s Central Bank Joins Bank for International Settlements

Bank Al-Maghrib, Morocco’s central bank, has become member of the Bank for International Settlements (BIS), the oldest international financial institution, which helps central banks in their pursuit of monetary and financial stability through international cooperation. The decision was made lately by the BIS Board of Directors, which agreed to expand its membership by including the […]