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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 […]

Iraq auctions two Boeings stationed in Tunisia

The Iraqi government has placed two Boeings stationed in Tunisia since 1991 for sale three years after a deal with the North African country to remove aircrafts expired. Boeing 747SP-70 YI-ALM which belonged to the Iraqi government under former and late President Saddam Hussein and Boeing 747 – MSN 22366 owned by national carrier Iraqi […]

Libya: Former Palestinian Prime Minister Salam Fayyad to replace Kobler

Former Palestinian Premier Salam Fayyad has been rumoured to replace Martin Kobler at the helm of UN Special Mission in Libya. A leaked letter by the UN Chief Antonio Guterres to the UN Security Council dated February 8 went viral on social media announcing the appointment of the Palestinian official, Libya Herald reports. The Libyan […]