Half World’s 10 least performing currencies are African

Half of the ten least performing currencies in the World are African, said a Bloomberg report, highlighting the risk facing some of the continent’s devalued currencies due to lack of dollar liquidity. Zambian kwacha, the Angolan kwanza, and the Nigerian naira are in the top 3 most fragile African currencies, according to the report. Zambia’s […]

Tunisian President throws support behind GNA after defense minister called UN-backed Government militia

Tunisian President Kais Saied has underlined Tunis’s unified position with UN-backed Government of National Accord (GNA) in Tripoli after his defense minister tagged the fragile Libyan government as militia”, reports say. Tension has emerged this week between Tunisia and Libyan after Tunisian defense minister, Imed Hazgui, in comments to a local TV station, called forces […]

German KfW supports Morocco’s drinking water supply & sanitation sector with €55.5 million

The German reconstruction bank, Kreditanstalt für Wiederaufbau (KfW), is supporting the drinking water Supply and Sanitation sector in Morocco with €55.5 million. Under a financing agreement signed Thursday in Rabat between KfW and Morocco’s National Office for Electricity and Drinking Water (ONEE), ‎€28.5 million will finance drinking water supply to small and medium-sized centers. This […]