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Currency depreciation presents significant macroeconomic challenges for African countries by driving up import expenditures, exacerbating inflationary pressures, and elevating the capital requirements for enterprises seeking foreign exchange. Currency depreciation is creating major macroeconomic challenges in African countries by increasing the cost of imports and intensifying inflation. Uganda and Ghana are recent examples where weaker currencies…
Tanzania will introduce mandatory travel insurance for foreign visitors from October 1, 2026, adding a new entry requirement for travellers visiting East Africa’s second-largest economy. Visitors must purchase inbound travel insurance costing $44, valid for up to 92 days. Tanzania will mandate travel insurance for all foreign visitors starting October 1, 2026. Insurance for mainland…
Two months after suspending the tourist visa application process for Taiwanese nationals, the Kingdom of Morocco reversed its decision last week, allowing people from the Asian country to reapply for visas. Morocco has reversed its suspension of tourist visa applications for Taiwanese nationals after a two-month halt, now allowing applications for tourism purposes. The original…
Mali has thrown its weight behind Morocco in one of North Africa’s most divisive territorial disputes, putting Bamako on the same side as Washington on an issue that Algeria, one of its closest regional partners, strongly opposes. Mali has reaffirmed its support for Morocco’s autonomy proposal regarding Western Sahara, despite improving ties with Algeria. Malian…
In an incident that is hardly isolated, what has been identified as two Algerian aircraft have recently flown over Polish airspace en route to Russia. Two Algerian military transport aircraft were recently detected flying over Polish airspace en route to Russia. Poland has noticed several similar Algerian aircraft flights heading to Russia, causing some speculation…
Zambia is pushing back the return of open access to its main fuel-import pipeline until January, months after the International Monetary Fund called for the system to be restored. Zambia is delaying the return of open access to its main fuel-import pipeline until January, despite IMF pressure for a faster restoration. The Tazama pipeline, critical…
Saudi Arabia recorded a merchandise trade surplus of SR14.36 billion ($3.83 billion) in July, with Egypt emerging as its most prominent African trading partner, according to preliminary government data. Saudi Arabia recorded a merchandise trade surplus of $3.83 billion in July, although both exports and imports fell year-on-year. Egypt emerged as Saudi Arabia’s top African…
Kenya’s housing program, which has been a huge part of the country’s current administration’s policies, may be facing some significant financial hurdles. Kenya’s ambitious housing program aims to deliver 200,000 units annually but is facing serious financial challenges. The Affordable Housing Act, 2024, was recently upheld by Kenya’s Court of Appeal, endorsing a 1.5% payroll…
The United States has returned about $2.5 million to The Gambia from the sale of a Maryland mansion linked to former President Yahya Jammeh, with the money set aside to compensate victims of his 22-year rule. The US returned about $2.5 million to The Gambia from the sale of a Maryland mansion linked to former…
