Bank of Algeria

ECOWAS urges urgent action to address escalating food crisis in West Africa

The Economic Community of West African States (ECOWAS) has called for immediate action to combat a worsening food crisis affecting millions across West Africa and the Sahel. Speaking at the third meeting of the Regional Food Security Reserve Management Committee, which opened in Nigeria’s capital Abuja on Tuesday, ECOWAS officials warned that without proactive measures, […]

A Free zone to end smuggling in Morocco’s north

Morocco is unrelenting in its fight against contraband. The North African country has taken a series of measures to crackdown on smuggling while offering alternatives to the locals, basically trough a free economic zone. Works are already in progress to build the zone, which shall offer retailers in the cities near the occupied enclave of […]

Botswana to buy 24% stake in Belgian diamond trader HB Antwerp

The Botswana government announced Monday that it will buy a 24% stake in the Belgian gem trader HB Antwerp, a move that is seen as a possible challenge to De Beers’s dominance of the southern African nation’s diamond industry. “Today is the dawn of a new era of a diamond industry in Botswana as we […]