king Mohammed VI receiving head of gvt Saad Eddine Othmani sept 21 2019

Morocco to introduce inflation targeting in 2027, keeps currency peg for now

Morocco’s central bank will begin implementing inflation targeting in January 2027, marking a major shift in its monetary policy framework, while maintaining its current exchange rate regime for the time being, Bank Al-Maghrib Governor Abdellatif Jouahri said. Speaking after the bank’s quarterly board meeting in Rabat Monday, Jouahri said the Moroccan economy is not yet […]

Botswana moves to reclaim diamond legacy with De Beers takeover

Botswana is racing to finalize a deal for majority control of diamond giant De Beers by the end of October, as President Duma Boko declares the move “a matter of economic sovereignty for Botswana.” The southern African nation, already holding 15% of De Beers, is negotiating with Anglo American, which is divesting its 85% stake […]

China, Benin ink deal on partial debt cancellation

China and Benin signed a Memorandum of Understanding (MoU) on partial debt cancellation Saturday during the visit of the Chinese top diplomat Qin Gang to the African country. Qin said his visit was to “identify more fields of action”, Africa News reports. “China intends to work together with Benin to implement the projects agreed by […]