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Libya Issues Licenses to 91 New Foreign Exchanges Bureaux amid Dinar Slide and Cash Crisis

The Central Bank of Libya (CBL) has granted final practice permits to 91 companies and foreign exchange bureaux, as the Libyan dinar fell to 8.17 against the US dollar on the black market, amid ongoing cash shortages. The decision was announced on Tuesday, December 9. The CBL said the latest licensing forms part of its […]

Moroccan Economic Week in Nouakchott in December

As Morocco prepares for the upcoming Moroccan Economic Week in Nouakchott this December, both Morocco and Mauritania have reaffirmed their shared dedication to enhancing cooperation across various sectors, aiming to promote regional stability and security. The second edition of the Moroccan Economic and Cultural Week is scheduled to take place in Mauritania’s capital, Nouakchott, from […]

Malawi declares two weeks of mourning for victims of Cyclone Freddy

Two weeks of national mourning has been declared in Malawi for the hundreds of people killed and hundreds of thousands more displaced by Cyclone Freddy, likely the longest lasting in the southern hemisphere. In a televised address this week, Malawian President Lazarus Chakwera also ordered all flags to fly at half-staff for the first week […]