Senegal’s President shakes up Parliament

Bassirou Faye, Senegal’s fresh-faced president, just threw a curveball at the political establishment. At 44, he’s Africa’s youngest elected leader, and he’s not wasting time making waves. Faye’s latest move? Dissolving parliament and calling for snap elections in November. Why the drastic action? Well, Faye’s got big plans for change, but he’s hitting roadblocks with […]

Central Africa: IMF prescriptions to pull economy out of crisis

The momentum of the economic crisis in Central Africa has changed in 2019, raising flags of the International Monetary Fund (IMF). The Washington based lender last week completed discussions with the Central African Economic and Monetary Community (CEMAC). The talks focused on common policies in support of the reform programs of CEMAC member countries. In […]

Morocco’s trade deficit eases 12% in May

Morocco’s trade deficit shrunk 12% in May as the coronavirus pandemic reduced demand both for imports and exports, the foreign exchange agency said. The 16.9% drop in imports to $17 billion from January to May came as a result of a fall in all imports except cereals, the agency said. Exports however dwindled 20% to […]