Africa to have stronger voice in IMF, as WB warns African central banks against risky monetary initiatives

The International Monetary Fund (IMF) has announced that sub-Saharan Africa will be allocated a third seat on the global lender’s executive board, while the World Bank has warned the central banks in Nigeria, Ethiopia, and Uganda not to overplay their hand in getting involved in risky monetary initiatives. Sub-Saharan Africa will have a “stronger voice” […]

Sunday March, a Plebiscite for the Sahara as Morocco’s

It was really Morocco’s biggest ever demonstration as more than three million people poured last Sunday onto the streets of Rabat to slam UN Secretary General’s latest remarks on Moroccan Sahara and reaffirm that the territory is Moroccan and Moroccan it shall remain. As shown in TV footage and press reports, the turnout was impressive […]

Egypt : how much is enough to restore investor confidence

Egyptian officials have renewed their efforts to draw back investors, especially in the energy sector, at an investment conference by paying the debts owed to foreign oil companies. Prime Minister Hazem el-Beblawi said that $1,5billion of the $6billion debt has been approved. The Egyptian economy is suffering from the political crisis which has driven away […]