A commission in the Mauritanian parliament investigating the country’s management over the past 10 years has requested former President Mohamed Ould Abdelaziz to show in the legislature in view of providing insights over some allegations of state assets embezzlement, Le360.ma reports. Seven misappropriation charges spanning several sectors including sale of state properties in capital Nouakchott, […]
While China has announced plans to boost the use of the Chinese currency renminbi in Southern Africa, part of Beijing’s efforts to diminish use of the dollar, a new study by Carnegie Endowment for International Peace (CEIP) highlights a number of major obstacles that stand in the way of BRICS’ de-dollarization efforts. In a visit […]
A new report from the African Development Bank (AfDB) warns that 21 out of 54 African currencies are projected to depreciate against the U.S. dollar in 2025, highlighting continued economic vulnerability across the continent. Major economies like Nigeria, Egypt, Ethiopia, and Ghana are expected to see currency losses of 6% or more, driven by declining […]
