UN fourth committee

East Africa’s weakening currencies don’t improve trade balances, defying economic theories

The depreciation of all domestic currencies in the East African region over the past year has not led — in a defiance of conventional economic theory and expectations of regional economists — to the improvement in trade balances, putting more pressure on foreign exchange rates. The depreciation of a country’s currency is supposed to make […]

Lawmaker close to ruling regime in Benin under investigation

Benin’s Central Office of Protection of Minors has launched an investigation against Nougbognon Hyppolite Hazounme, a lawmaker of Union Progressite Le Renouveau; a party ally of President Patrice Talon, reports say. The office did not reveal the rationale behind the probe but Hazounme has been accused by his secretary of alleged rape. The lawmaker reportedly […]

Morocco lowers representation at Bahrain’s Conference

Morocco lowered its representation at the Bahrain workshop on economic portion of President Trump’s Middle East plan, the foreign ministry said. An employee of the finance ministry will take part in the event, said the foreign ministry in a statement, adding that the Kingdom was invited to the workshop by the governments of Bahrain and […]