A suit has been filed against Goldman Sachs in London’s high court, by Libya’s sovereign investment fund, for making a profit of $350 million from the creation of $1 billion in derivatives trades that became valueless. With the Libyan Investment Authority, a sovereign fund, seeking losses from the trade, a spokesman for Goldman Sachs said […]
The World Bank delivered bleak prospects for growth in Morocco which was seen dropping to -4% in 2020 from 2.5% last year on the backdrop of the coronavirus outbreak. The forecast is close to that of the -3.7% put forward by the IMF for 2020 to which drought worsened Morocco’s growth prospects. The spread of […]
Rwanda’s ruling party chose President Paul Kagame as its candidate to run for July presidential elections for a fourth seven-year term. Kagame, 66, has fostered his grip on power in Rwanda since his first election as president in 2003. Since then, he has won two other elections with over 90% of the votes. He is […]
