As the 15th edition of the BRICS summit approaches, two topics are high on the grouping’s agenda: its expansion, with the arrival of several African countries in particular; and the development of a new currency to be used for cross-border trade by the BRICS nations, which may be seen a push for de-dollarization. De-dollarization’s moment […]
The United States continues the African charm offensive with US Treasury Secretary Janet Yellen having visited Senegal and Zambia as part of a 10-day trip aimed at rebuilding economic relationships between the US and its partners in Africa. In Senegal, Yellen went to Gorree Island off the west African country’s coast on Saturday and spoke […]
Egypt is seeking another financial support from the International Islamic Trade Finance Corporation (ITFC) to back micro-, small-, and medium-sized enterprises (MSMEs) after the country secured last month $2.6 billion to fund developmental projects. The Ministry of Planning and Economic Development Monday indicated that the signing will take place this month, Arab Finance reports. The […]
