El-Guerguarat

Moroccan authorities evacuate 108,000 as flood-risk heightens

Moroccan authorities have evacuated more than 108,000 people across several northern provinces as rising river levels and heavy rainfall increase the risk of severe flooding, the Interior Ministry said on Wednesday. The evacuations follow days of efforts by authorities and army rescue units involving the mobilization of buses, boats and trucks and the setting up […]

African central banks’ rigid exchange rate regulation scrutinized by IMF

The International Monetary Fund (IMF) has slammed African central banks for their misguided currency regulation, especially with regard to the ineffective disposal of their foreign exchange reserves. In particular, the IMF has scrutinized the African central banks’ rigid exchange rate regulations, criticizing them for disposing of their foreign exchange reserves in an ineffective attempt to […]

Benin, Niger trade accusations as oil row escalates

Benin accused Niger of sending secret agents to spy in its Seme port where a Chinese-built pipeline was supposed to begin exporting Nigerien gas, before it was blocked by Beninese authorities last month. The arrest of five Nigerien nationals marks a new escalatory move in the standoff between the two ECOWAS neighbors. Benin said the […]