Spanish Foreign Min loses job following gov’t reshuffle

Spanish Prime Minister Pedro Sanchez excluded foreign minister Arancha Gonzalez Laya following a government reshuffle that left key portfolios intact. Jose Manuel Albares was named new foreign minister, while Isabel Rodriguez will become the new government spokesperson and territories minister. Laya was rebuked for triggering and mismanaging a crisis with Morocco after she was found […]

Intra-Africa trade remains ‘difficult’ amid forex shortage, poor infrastructure — Standard Bank’s report

Intra-country trade in 10 key African countries remains difficult amid currency volatility and international capital flight, as business struggle to find the foreign currency, most notably the dollar, needed to pay for imports, according to the 2023 Standard Bank Africa Trade Barometer (ATB). The key finding in the study conducted by Standard Bank, Africa’s largest […]

WB Sets New Strategy for MENA Region

The World Bank Group has worked out a new ambitious strategy to deal with the economic and political fallout of the conflicts rocking the region of North Africa and the Middle East. The goal is to lay the foundations for long-term peace and stability. With the support of the United Nations and the Islamic Development, […]