Rand

Sub-Saharan Africa hit hard by funding squeeze, IMF warns

Sub-Saharan Africa is facing a severe financing squeeze that, on the back of a series of unprecedented shocks, has driven up borrowing costs, weakened regional currencies and cut countries’ access to international capital markets, the International Monetary Fund (IMF) has warned. This “big funding squeeze”, which is the most serious issue facing sub-Saharan Africa, is […]

Senegal, latest African country to open a consulate in Dakhla

Senegal has joined the club of African countries that have taken their recognition of Morocco’s sovereignty over the Sahara to a tangible consular level. Senegal, Morocco’s longstanding friend and ally, will open its consulate on Monday, Moroccan media said citing official sources. Senegal’s move in support of Morocco’s territorial integrity has a heavy weight on […]

Tax Haven: EU removes Tunisia from blacklist of non-cooperative jurisdictions

The European Union Tuesday took away Tunisia from its backlist of non-cooperative jurisdictions also branded “tax haven countries” after the North Africa country implemented demanded reforms that have improved tax policies. But it was not clear if Tunisia was put on the Grey list like Morocco. The grey list comprises countries that are given time […]