Egypt’s Monetary Policy Committee on Thursday, November 20, has opted to maintain all key interest rates, keeping the overnight deposit rate at 21 percent, lending at 22 percent, and the main operation and discount rates at 21.5 percent. The decision underscores a guarded policy posture as inflation risks remain elevated both at home and abroad. […]
The African Development Bank, AfDB, has accorded $80 million credit facility earmarked to enhance food self-sufficiency and security, through securing the supply of soft wheat, barley and fertilizers. The loan deal was signed Thursday between Samir Said, Tunisia’s Minister of Economy and Planning and Mohamed El Azizi, the Director General, Regional Development and Service Delivery […]
French Defense Minister Jean-Yves Le Drian stressed the need to find a political solution to the Libyan crisis rather than another military operation in the North African country plunged in chaos since the collapse of the Kaddafi regime. The French official, who was visiting Madama, Northern Niger, where a French military base is being built […]
