World Bank urges Tunisia to carry out crucial fiscal reforms

Axel Van Trotsenburg, World Bank Managing Director of Operations Wednesday called on Tunisia to carry out crucial fiscal reforms which he claimed will put the North African country on development trajectory. “These reforms are equally important for the population,” Trotsenburg said in a tweet following a meeting with Tunisia’s Ministers of Planning and Finance. The […]

Algeria slashes spending by 50% due to drop in oil earnings & Coronavirus impact

The Algerian economic model, which is depending heavily on oil & gas revenues, is seemingly crumbling. The new financial realities have shown that its former decade’s high spending is no longer possible with the rapidly depleting state coffers and widening deficit. Hit hard by a sharp drop in oil prices on the international and the […]

Nigeria: Fuel tanker explosion claims at least 70 lives

At least 70 people have died in north-central Nigeria after a gasoline tanker overturned in the early hours of Saturday and exploded as locals attempted to salvage its fuel. According to eyewitnesses, community members rushed to the scene once the tanker crashed, hoping to collect leaking gasoline for personal use. A generator was then started […]