fishing port in Mauritania

Burkina Faso increases defense budget by nearly 50 per cent for 2023

Burkina Faso authorities have budgeted $1.09 billion for defense expenditure this year, an increase of 49.43 per cent compared to last year, to address security concerns caused by terrorism activities. The West African country has been grappling with insecurity caused by terrorists and a political instability. The central government has lost around 40 per cent […]

Morocco to issue dollar-denominated bond in 2023- Central Bank

Morocco would issue a dollar-denominated bond in 2023, the first since 2020, the central bank said. Morocco has yet to recover its investment grade although its most recent foreign debt issue was successful. Domestically, central bank official Youness Issami said the central bank has proceeded to purchases of treasury bonds for the first time The […]

U.S. offers Benin military equipment worth $2.1m

Benin Wednesday November 29 took delivery of some US military equipment worth $2.1 million to be used in the capacity building of the armed forces of the West African country. The ceremony took place at Sero Kora military camp, in the northern city of Parakou, local media ‘24h Au Benin’ reports. The equipment includes assault […]