Libya's central bank devalued the dinar by 13.3% on Sunday, setting the official rate at 5.57 to the dollar—the first adjustment since 2020, Reuters reports. The move comes amid ongoing economic instability, with the black market rate at 7.20. Public debt stands at 270 billion dinars, projected to exceed 330 billion by end-2025 in the absence of a unified budget, according to the bank.
Burkina Faso has nationalised five gold mining assets, including two active mines, transferring them to its state-owned firm SOPAMIB, according
South Korea’s Naver is partnering with Nvidia and Nexus to build a 500MW AI data center in Morocco, according
North-West African states have a growing role to play in ocean governance—and global frameworks should reflect it. As diplomats
US President Trump’s envoy to Africa, Massad Boulos, is scheduled to make his first official visit to Libya next
Sign up for the weekly newsletter and get our latest stories delivered straight to your inbox.
