First Independent Mena Newspaper
Trade exchange between Malawi and other countries in the African region has improved over the years, with statistics showing that Malawi now accounts for 32% of intra-Africa trade A recent study published by Brookings Institution Africa Growth Initiative indicates that at 32%, Malawi ranks on position seven out of 13 countries that have improved performance, […]
Zambia, the first African country to default on its debt in the COVID-19 era, has won International Monetary Fund board approval for a $1.3bn support package, an important step towards the nation restructuring its debt and a boost for the global effort to help indebted developing nations. The lending plan — an Extended Credit Facility […]
Remittances flows to Morocco reached more than $5.4 billion during the first seven months of 2022, against $5.1 billion recorded the same period of last year. According to latest data released by the Foreign Exchange Office, money transfer operations made by Moroccan Diaspora during the past months increased by 7.4 pc compared to the same […]
Workers in the private sectors will benefit from a 10% wage hike within the next two years, while the minimum salary in the agricultural sector will be raised by 10% starting this month, the government announced on Thursday. The move marks the implementation of social dialogue deals announced last May between the government and major […]
The United States has allocated to Madagascar $20 million to help the African country to tackle food security exacerbated by the ongoing Russia-Ukraine conflict. The financing, the US ambassador Claire A. Pierangelo, notes, is within the framework of the US government’s global response to the impact of the “illegal invasion of Ukraine by Russia. The […]
The Guinean tourism ministry has signed a deal with SAB-TRANSIT SAU to refurbish and expand state-owned two-star tourism hotel Labe located in Labe, the capital of “Moyenne Guinee”, as part of the West african country’s efforts to revamp tourism potential, local reports say. Alpha Soumah, Minister of tourism signed an agreement with Elhadj BAH Mamadou […]
The unilateral invitation by Tunisian president to polisario chief and Algerian proxy Brahim Ghali continues to spill ink. Maghreb Intelligence reports that Tunisia’s president rolled the red carpet for the Polisairo leader in return for a promise to receive a meagre $200 million loan from Algiers. President Kais Saied- who ironically often brags about defending […]
The Central Bank of Nigeria said (26 August) it has made US$ 265 million available for release to international airlines shortly after the Dubai-based Emirates airline announced that it has put a hold on flight operations in and out of Nigeria due to its inability to repatriate funds from the West African country. The money […]
Despite rising interest all across the continent, trade in cryptocurrencies remains banned — in part due to concern about soaring losses arising from crypto scams — by most African governments save for the Central African Republic (CAR). The latest Chainalysis report indicates that losses arising from cryptocurrency scams rose by 60% in the first seven […]
Queues have become a new reality in Tunisia which faces a shortage of fuel, sugar, rice, cooking oil, butter, semolina, bottled water and even coffee, local media reported. The shortage of fuel and foodstuff is the utmost reflection of the disarray the Tunisian economy faces as public debt widens to unsustainable levels and talks for […]