First Independent Mena Newspaper
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 […]
The African Agricultural Transformation Initiative (AATI), Endowed with a budget of $19.6 million until 2025, has been launched to improve sustainable development in Africa by bridging the gap between the formulation of strategic agricultural initiatives and their successful implementation at local level, the UN International Fund for Agricultural Development (IFAD) said in a press release. […]
China has announced plans to waive 23 interest-free loans to 17 African countries that were due in 2021 amid a growing rivalry with the West and accusations that it is creating “debt traps” on the continent. The relief was announced on 18 August in an address to Chinese and African diplomats at a follow-up meeting […]
Morocco, like most energy importing countries, is facing the fallout of an imported inflation that sent up the prices of basic commodities in the international market. In July, prices rose to 7.7% year on year, according to the national statistics agency. The increase has been felt mostly in food prices and transport cost which rose […]
The Saudi Central Bank (SAMA) Tuesday issued operation permits to “Lean Technologies” and “Mod5r”, two companies which will provide Open Banking Solutions. The permits are in line with the Council of Ministers’ decision in the second quarter of 2022, which provides for the adoption of the Fintech Strategy containing the supreme directive order for the […]