Central Bank of Libya has issued an apology following a major disruption to the country’s electronic payment infrastructure, after an unprecedented surge in transaction volumes triggered system instability across commercial banks. According to the Bank, around two million point-of-sale (POS) transactions were recorded in a single day across approximately 67,000 terminals nationwide, placing excessive strain […]
Amid the upheaval in Sahel in the last decade, characterized by a series of military takeovers, growing insecurity and surging anti-Western sentiment, China has seized on the opportunity to expand its military, geopolitical, and economic presence in this volatile region, analysts say. Despite the challenges facing the region, the scramble among major powers for the […]
The kingdom of Morocco will strive to meet its energy needs if Algeria presses ahead to terminate at the end of this month the gas transit agreement for the Maghreb-Europe gas pipeline (GME), Financial Times notes. Algeria and Morocco have seen their ties go further sour in recent weeks with Algiers adopting a string […]
