18, May 2023
Russia launches ‘unprecedented’ air attacks on Ukraine’s capital Kyiv 0
Ukraine said “unprecedented” air attacks had rocked its capital and other areas early Thursday, a day after it reached an agreement with Russia to extend a deal allowing grain exports across the Black Sea.
“A series of air attacks on Kyiv, unprecedented in their power, intensity and variety, continues,” said Serhii Popko, head of Kyiv’s civil and military administration, adding that no casualties had been reported in the capital.
At least one person was killed by a Russian missile strike on an industrial facility in the southern Ukrainian city of Odesa in the early hours of Thursday. Two more people were wounded in the attack, military administration spokesman Serhiy Bratchuk wrote on Telegram.
Source: France 24



















18, May 2023
BEAC increases weekly withdrawal operations to CFA100 billion 0
The Bank of Central African States increased its weekly withdrawal operations to CFA100 billion, according to a statement made public yesterday May 16.
The monetary institute has specified that only “credit institutions authorized as primary dealers on the monetary market” are eligible for this 7-day offer with a remuneration rate of 0.75%. Usually, the central bank’s withdrawal operations involve an amount of CFA70 billion, but Beac has increased the volume to comply with the tightening of its monetary policy, which began in December 2021.
After raising its key rates four times, the bank decided on February 21 to suspend its weekly liquidity injection operations. The objective is to fight inflation, which is expected to reach 6.4% this year, more than double the 3% threshold tolerated within the Cemac region.
Source: Business in Cameroon