Governments and businesses in Nigeria, Kenya, and South Africa are grappling with sharply rising borrowing costs, a trend that poses serious risks to economic growth across Sub-Saharan Africa, according to a new report by Moody’s Ratings. Over the past five years, debt servicing costs have surged in all three economies due to weak policy frameworks, […]
U.S. Congress has approved 2016 Appropriations Bill allowing Morocco to use US aid everywhere in the country, including in the Western Sahara. In its legislative report for the bill, signed by president Barack Obama, US lawmakers renew their strong bipartisan support for a negotiated solution to the dispute, based on autonomy plan under Moroccan sovereignty, […]
Botswana has ascended to the rank of the top diamond producer globally, unseating sanctions-hit Russia. Most of Botswana’s diamond found in the Orapa diamond deposit is operated by De Beers, a leading diamond company. Following the G7 sanctions on Russia, De Beers moved its auctions to Botswana to streamline its business operations and facilitate the […]
