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Tag: Russia
Forex: falling euro drags CFA franc down, importing inflation and deepening debt
With the euro having recently declined to less than one US dollar, this development has a direct impact on the CFA franc, which has a ... Read More
Russia in Africa: Lavrov courts Congo, Uganda in quest for more non-Western allies
Following a visit to Egypt and the Republic of Congo, Russian Foreign Minister Sergey Lavrov has now (26 July) arrived in Uganda as Moscow aims ... Read More
Russia pledges to meet wheat commitments to Egypt
Russia’s Foreign Minister Sergey Lavrov Sunday said Russian grain exporters are committed to their obligations regarding international wheat orders. Russia's top diplomat was in Cairo ... Read More
Mali: Al-Qaeda affiliate claims deadly attack
An armed group in Mali affiliated with al-Qaeda has claimed responsibility for a deadly attack on the country’s main Kati military base near the capital ... Read More
Macron’s Africa tour: France seeks to ‘renew relationship’ with continent
French President Emmanuel Macron today (25 July) begins a three-nation tour of western African states in the first trip to Africa of his new term ... Read More
World Bank loans Sudan $100m to combat deep food insecurity
The World Bank has released $100 million for the World Food Program to tackle “deep food insecurity” for 2 million people in Sudan. The Washington-based ... Read More
Egypt starts construction of first nuclear plant with Russian expertise
Egypt and Russian energy company Rosatom have announced the beginning of construction work of the North African country’s first nuclear plant. The plant is being ... Read More
Vladimir Putin phones Saudi Crown Prince after Joe Biden’s visit
Saudi Arabia’s crown prince Mohammed Bin Salman, received a phone call from the president of Russia, Vladimir Putin, on Thursday to discuss a host of ... Read More
AfDB allocates Egypt $271m credit line to finance food security and economic resilience program
The African Development Bank Board of Directors approved a loan of USD 271 million to finance Egypt’s Food Security and Economic Resilience Support Program to ... Read More
Inflation could “inflame social tensions”, warns IMF
The global economic outlook is "darkening", the managing director of the International Monetary Fund (IMF) said on Wednesday, citing the war in Ukraine and the ... Read More