UAE consulate in Laayoune

Political shakeup in South Africa as EFF deputy leader joins Zuma’s Party

South Africa’s political landscape is experiencing a significant shift as Floyd Shivambu, deputy leader of the Economic Freedom Fighters (EFF), resigns to join former president Jacob Zuma’s uMkhonto we Sizwe (MK) party. This move deals a blow to the EFF, which saw its vote share decline in the recent national election, while MK surged to […]

World Bank to leverage guarantees for increased international financing in Morocco

The World Bank plans to utilize guarantees to draw more international financing to Morocco, said Hiroshi Matano, Executive Vice President of the Multilateral Investment Guarantee Agency (MIGA). “We believe that these guarantees can help Moroccan borrowers (corporate and public institutions and non-sovereign risk counterparties) diversify their financing sources with private capital,” Matano said in an […]

Tunisian Central Bank, latest episode in Kais Saied power-grab

President Kais Saied urged lawmakers to end the independence of the monetary policy in the country by adopting a law that would allow the treasury to borrow directly from the central bank. The move is the latest in a series of moves to concentrate all powers in his firm grip, after he sapped the democratic […]