UN strips South Sudan, Equatorial Guinea, Gabon of rights to vote over arrears

The United Nations has repealed rights to vote of six countries including South Sudan, Equatorial Guinea and Gabon over arrears on dues to operating budget of the global organization. The three African countries, in addition to Dominica, Venezuela and Lebanon, have lost their rights to vote per charter of the organization. Members whose arrears equal […]

ECOWAS eyes $2.6bn for standby force to combat terrorism across West Africa

The Economic Community of West African States (ECOWAS) is seeking $2.61 billion annually to launch a 5,000-strong regional Standby Force aimed at combating terrorism, political instability, and transnational crime across the region. At a high-level meeting in Abuja, ECOWAS Ministers of Defense and Finance convened to finalize funding strategies for the ambitious counterterrorism initiative. A […]

IMF to send team to Tunisia for further talks about credit facility

An International Monetary Fund team of experts will travel to Tunisia late this month to continue talks with authorities about the North African country’s request for a loan. “A small team of IMF experts plans to visit Tunisia this month for further discussions with the authorities to build on what I can describe as good […]