Fitch Ratings has revised its outlook on Moroccan banks Attijariwafa Bank, Bank of Africa, and Credit Immobilier et Hotelier (CIH) to Negative from Stable, while affirming the three banks’ Long-Term Foreign-and Local-Currency Issuer Default Ratings (IDRs) at ‘BB+’. This comes after Fitch’s revision of the outlook on Morocco’s sovereign rating to Negative from Stable on […]
US Africa Command, which oversees US military operations on the continent, last weekend said an airstrike near Jilib, Middle Juba Region of Somalia, killed more than 52 militants of al Qaeda-affiliated terrorist group, al-Shabaab. The airstrike was conducted “in response to an attack by a large group of al-Shabaab militants against Somali National Army Forces” […]
The European Union, EU, has allocated 96 million euros for West African states to support the region to build resilience and local food production capacity in the backdrop of the ongoing crisis between Russia and Ukraine. Francesca Di Mauro, head of the EU mission to Cote d’Ivoire made the announcement Monday in capital Abidjan. She […]
