Africa Economic & Monetary Sovereignty

French PSA Group Injected €280 million in its New Kenitra Plant

King Mohammed VI chaired on Thursday in the province of Kenitra the inauguration ceremony of the French PSA group’s ecosystem in Morocco, a project that required a €280 million investment and that confirms the thriving car industry in the North African Kingdom. On this occasion, the Sovereign inaugurated the PSA group’s new plant, expected produce […]

IMF Reaffirms Morocco’s Qualification to Access PLL

The International Monetary Fund Executive Board has reaffirmed Morocco’s continued qualification to access the Precautionary Liquidity Line (PLL) resources as approved in August 2012. The IMF made the decision after it completed the first review of Morocco’s performance under the economic program supported by the two-year PLL arrangement and after concluding the 2012 Article IV […]

Namibia’s first female president emerges amid electoral challenges

A transformative moment in Namibian politics unfolded as Vice President Netumbo Nandi-Ndaitwah secured the presidency with 57 percent of the vote, becoming the nation’s first female leader. The ruling SWAPO party maintained its parliamentary majority, though by the narrowest margin in its 34-year governance, securing 51 seats in a close contest that reflects shifting political […]