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Libya’s Central Bank devalues Dinar by 13.3% amid ongoing political divisions
The Central Bank of Libya (CBL) has announced a significant 13.3% devaluation of the Libyan dinar, adjusting the exchange rate to 5.5677 dinars per US dollar, effective from April 6, 2025. This decision marks a shift from the previous rate of 0.1555 to 0.1349 Special Drawing Rights (SDRs) per dinar. The move comes as part […]
Tunisia Unveils New National Unity Government
Tunisian Prime Minister, Youssef Chahed on Wednesday, unveiled the lineup of a new government of national unity. The government reshuffle, the 10th since 14 January 2011, comes after several weeks of consultations with political parties and organizations on the distribution of portfolios. The key portfolios affected by the reshuffle are those of Finance, Interior and […]
Trade over aid: U.S.-Africa Business Summit signals new era of commercial partnership
The 17th U.S.-Africa Business Summit is held in Luanda, Angola this June 22 – 25 under the theme, “Pathways to Prosperity: A Shared Vision for U.S.-Africa Partnership”. The summit, bringing together more than 1,500 delegates including African presidents, heads of government, cabinet members, and senior U.S. Government officials and leaders from U.S. and African companies, […]



