Zambia peacekeepers in Birao, CAR

Remittance costs in Sub-Saharan Africa remain high despite fintech’s effort to slash fees

Sub-Saharan Africa remains the world’s most expensive region when it comes to transferring remittances, with an average cost of transferring money of 8.37% in the second quarter of 2024, according to the World Bank’s most recent report. This cost remains significantly above the global average, despite the increasing importance of remittances in the region’s economies. […]

Arm imports: Morocco gains six slots to rank 24th

Morocco has ranked among the 25 largest arms importers in the world, according to the latest report of the Stockholm International Peace Research Institute (SIPRI), published Monday. The kingdom comes in the 24th place in the ranking for the period 2014-2018, climbing six spots compared to the previous period (2013-2017), where it came in the […]

U.S. pledges $45 million in security funding to West Africa

US top diplomat Antony J. Blinken announced Tuesday January 23 a pledge of $45 million in funding for security in West Africa, a region reeling with terrorism activities in some of its countries. Blinken made the announcement in Cote d’Ivoire as he met with President Alassane Ouattara in the capital, Abidjan. “Cote d’Ivoire is an […]