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Nigeria’s Naira, Kenyan Shilling worst hit of Africa’s devaluing currencies in 2023 with no hope in sight

African countries have faced a myriad of challenges in 2023, not the least of which was currency devaluation, with Nigeria’s Naira and Kenyan Shilling experiencing their largest drop in value against the greenback in 24 and 30 years respectively. While Nigeria and Kenya recorded significant growth across numerous industries, there were still instances of socio-economic […]

Morocco declares end of CMI card-payment monopoly after market reforms

Morocco’s central bank and competition regulator said reforms have ended the long-standing dominance of the Centre Monétique Interbancaire (CMI) in the country’s bank-card payment market, opening the sector to new operators and lowering costs for merchants. Morocco has completed the transition from a market where CMI was the sole provider of merchant card-acquiring services to […]

NGO Urges EU to Press Algeria to Contribute to Sahara Conflict Settlement

The Moroccan Sahrawi Solidarity Association in Europe (AMSSE) has called on the EU foreign chief Federica Mogherini to use her leverage to force Algeria to “engage constructively in the UN process for the resolution of the Sahara conflict”. The Association made the call on the occasion of the EU-Algeria meeting held March 13th in Brussels. […]