First Independent Mena Newspaper
Libya’s central bank devalued the dinar by 14.7%, citing declining oil revenues and mounting economic pressures. The decision followed deliberations at the bank’s first board meeting of 2026, held last week, and was based on recommendations from the Monetary Policy Committee. Following the adjustment, the exchange rate was set at 0.1150 Special Drawing Rights (SDR) […]
Egypt has received €1 billion in concessional development financing from the European Union, marking the first tranche of the second phase of the EU’s macro-financial assistance (MFA), announced on Thursday by Minister of International Cooperation, Rania Al-Mashat. The disbursement follows the implementation of 16 economic and structural reforms aimed at strengthening macroeconomic stability, improving public […]
Regulatory reforms implemented in Morocco to promote private sector activity—described as “deeper than expected”—could stimulate growth, reduce the informal economy, and create employment, according to the World Bank Group’s updated Global Economic Prospects report released in Washington. The international financial institution notes that favorable weather conditions contributed to agricultural production recovery in the Kingdom. Current […]
The United Nations Office for the Coordination of Humanitarian Affairs on Tuesday launched the 2026 Humanitarian Needs and Response Plan for South Sudan, warning that more than 10 million people may require assistance this year. The one-billion-dollar plan prioritizes around four million people facing the most acute risks, amid escalating violence, economic decline and the […]
Morocco’s economy is projected to grow 4.2% in the first quarter of 2026, up from 4% in the fourth quarter of 2025, according to forecasts published January 13 by the High Commission for Planning. Despite an international environment marked by weakening external demand and tightening European regulatory constraints, the national economy demonstrates resilience, driven primarily […]
Morocco and the African Development Bank are consolidating their partnership following high-level discussions in Abidjan that showcased significant Moroccan participation. Finance and Economy Minister Nadia Fettah attended the inaugural Strategic Dialogue of the African Development Bank, a premier platform for exchanges among African decision-makers, particularly finance and economy ministers. The first edition focused on domestic […]
The United Nations Children’s Fund (UNICEF) announced on Monday that it had secured 5 million dollars to support resilience and humanitarian programs for children and families in South Sudan. The funding will target critical interventions in education, child protection, nutrition, and water, sanitation, and hygiene. Noala Skinner, UNICEF’s representative in South Sudan, said the support […]
The High Commission for Planning reports that inflation continued its downward trajectory for the third consecutive quarter, reaching -0.1% in the fourth quarter of 2025, compared to 2% at year’s beginning. This reversal resulted from a 0.7% contraction in food prices combined with a 0.4% increase in non-food products. The sharp food inflation retreat was […]
The national consumer price index in Mauritania increased by 0.8% in December 2025 compared to November, according to the National Agency for Statistics and Population and Economic Analysis (ANSADE). The rise was attributed to price increases across all major consumption categories, including food, as well as housing and communication. Food and non-alcoholic beverages rose by […]
Africa is set to remain one of the biggest beneficiaries of FIFA’s $5 billion global development program, FIFA officials said. FIFA said nearly a quarter of all Forward funding mobilized since 2016 has gone to Africa, placing the continent on equal footing with Asia and Latin America as a priority region. Officials said the allocation […]