Tunisian guards

Military-ruled Sahel states create confederation, rule out return to ECOWAS

Burkina Faso, Mali, and Niger announced the creation of a confederation that will bring the three nations under one institutional umbrella, in a decision that signals a no-return to the West African regional bloc, the ECOWAS. The leaders of the three countries announced the confederation decision at a summit in Niamey, accusing ECOWAS of taking […]

Morocco’s Central Bank Joins Bank for International Settlements

Bank Al-Maghrib, Morocco’s central bank, has become member of the Bank for International Settlements (BIS), the oldest international financial institution, which helps central banks in their pursuit of monetary and financial stability through international cooperation. The decision was made lately by the BIS Board of Directors, which agreed to expand its membership by including the […]

Madagascar in search of $100m to revamp flag carrier

Madagascar Airlines needs $100 million for its rehabilitation, Valery Ramonjavelo, the country’s Minister of Transport and Meteorology has announced, explaining that the funds aim at making the State-run airline independent. The airline, launched in April 2022 in replacement of bankrupt Air Madagascar, has presented a turnaround plan known as “Phoenix 2030”, expected to help improve […]