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Forex: falling euro drags CFA franc down, importing inflation and deepening debt

With the euro having recently declined to less than one US dollar, this development has a direct impact on the CFA franc, which has a fixed exchange rate parity value with the single European currency. The euro’s continued to slide toward the US dollar since 5 July has resulted in a 20-year low, according to […]

Mohammed VI Cup: Raja Casablanca lost first leg in semi-final bout with Al Ismaily

Raja Casablanca, Morocco’s only side left in the Mohammed VI Cup (Arab Club Championship) lost Sunday the first leg of the semi-final match with Egypt’s Al Ismaily. Al Ismaily scored the only goal of the match in the 52nd minute from Fakhereeen Ben Youssef on penalty. The Egyptians dominated the match with possession rated 58 […]

Mali takes delivery of military hardware from Russia

Mali acquired Thursday military equipment including fighter jets and helicopters from Russia to beef up the army in the fight against terrorists. The delivery included one Soukhoï Su-25 attack aircraft, trainer jet Aero L-39 Albatros and several Mi-8 helicopters. Colonel Assimi Goïta, the leader of the transition in the African country, and Igor Gromyko, the […]