The government of Zimbabwe has banned the use of international currencies. The central bank said that effective immediately, currencies including the US dollar and the South African rand, in use since 2009, will no longer be accepted as legal tender. A local quasi currency known as bond notes, which was introduced in 2016 but can’t […]
The drop in oil prices has taken a heavy toll on Algeria’s budget revenues with the trade deficit expanding to 15.8 billion dollars as of October compared to 13.7 billion dollars the same period last year. By the end of October, Algeria’s export revenues slipped by 23.44% standing at 22.7 billion dollars propelling the government […]
Rebels in the Tigray region have begun handing in their heavy weapons, a key part of an agreement signed in November last year to end a grueling conflict in northern Ethiopia, a spokesman for the rebel authorities said. The disarmament is a key part of the peace deal signed two months ago between the government […]
