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Algeria president sacks central bank chief as amidst dwindling economy

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Algerian President, Abdelmadjid Tebboune, has sacked the country’s Central Bank chief, Rostom Fadli, less than two years after he was appointed.

Tebboune announced the sacking of Fadli in a national broadcast on Monday without giving further explanation but economic experts in the country believe the dismissal of the bank chief may be a fallout of the dwindling economy and the free fall of the North African country.

A report by a local television station said Tebboune “on Monday ended the functions of the Governor of the Bank of Algeria, Mr Rostom Fadli, and appointed Mr Salah Eddine Taleb to replace him.”

Fadli had taken office in June 2020 as interim head of the central bank of Africa’s fourth-biggest economy and was later confirmed in the role by the President.

The Algeria economy is highly dependent oil exports for about 90% of its foreign income, and therefore vulnerable to price movements.

And with the effect of the Russian war in Ukraine and the uncertainties that has followed the crisis in the energy sector despite seeing those revenues explode in recent months, the economic fortunes of the North African country has also been hit hard by concurrent price hikes on its vital wheat imports.

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Rwandan President, Paul Kagame, accuses DRC of supporting rebels fighting his government

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President Paul Kagame of Rwanda has accused the Democratic Republic of Congo (DRC), of giving arms and logistic support to rebels fighting his government after the DRC has continued to blame Rwanda of supporting the M23 rebels who have been causing mayhem in the mineral rich eastern Congo.

In a televised address on Monday, Kagame said his country is seriously concerned by the support the DRC has been giving to the Democratic Forces for the Liberation of Rwanda (FDLR), a Congo-based rebel group that has been opposed to his government.

The two eastern African neighbours have been locked in an acrimonious relations with accusations and counter accusations flowing from both ends after the M23 group captured the Congolese town of Bunagana at the Uganda border with Kinshasa accusing the Rwandan troops of arming the militia.

Rwanda on it’s part, has vehemently denied supporting M23, and is now throwing its own accusation on DRC of supporting the rebels troubling its country.

While making the allegations, Kagame said Congo is actively arming the FDLR whose fighters are linked to the 2019 killing of hundreds of people in the northern Rwandan town of Kinigi.

“It’s on record and with facts that Congo is supporting FDLR, and unfortunately with the knowledge of MONUSCO,” Kagame said, fingering the U.N. peacekeepers who have been on ground to battle the rebels.

“They have recently been behaving like spoilt children. They cause trouble and then start crying foul,” Kagame said.

While the two countries have been grappling with the menace of rebels, leaders of the regional bloc under the East African Community have been working toward deploying a peacekeeping force in eastern Congo’s restive provinces, but both DRC President, Felix Tshisekedi, has kicked against the inclusion of Rwandan troops in the regional peacekeeping force.

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Tunisia President Saied dares opposition, defends new constitution despite criticism

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Tunisia’s President Kais Saied has defended his proposed new constitution despite widespread criticism and protest by opposition figures, saying the the constitution when passed, would not restore authoritarian rule.

Most political parties and civil society groups have continued to oppose the constitution saying it was drawn up unilaterally by Saied’s allies whom he handpicked to do his bidding.

The critics have also questioned the legitimacy of the constitution with a referendum set for July 25 which they say would give Tunisians less than four weeks to decide on it with no minimum rate of participation for it to pass.

The head of the committee that prepared the first draft the constitution, Sadok Belaid, also criticised the version which Saied rewrote, saying the president’s version was “dangerous and paves the way for a disgraceful dictatorial regime.”

But while hitting back at the opposition and the wave of criticism that followed the publication of the draft in the Tunisian National Gazzete, Saied on Tuesday, urged the people to support it in the referendum to adopt the constitution.

In a letter addressed to Tunisian and published by state, Saied assured that fears by those against the new constitution are misplaced as there was no danger to Tunisians’ rights and freedoms.

“Everyone knows what Tunisia has suffered for decades, especially the last decade. They emptied state coffers. The poor got poorer, the corrupt got richer,” Said narrated, while accusing critics of the constitution of “slanders, far from reality”.

Saied entered the bad books of most opposition figures in the North African country when he ousted the elected parliament and set out to rule by decree which many had termed a coup.

He further angered many by dissolving the electoral commission and named a new body with himself as the head. Not done, Saied also sacked 57 judges last month, accusing them of supporting Islamists.

But his supporters say he is “standing up to elite forces whose bungling and corruption have condemned Tunisia to a decade of political paralysis and economic stagnation.”

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