Algeria: Bouteflika, unable to govern for fifth term – Islamist opposition

Algeria’s main Islamist opposition party Wednesday said incumbent President proposed by the ruling coalition to run for April Presidential elections for a fifth term in office will not be able to fulfil his duties due to his health condition. Movement for the Society of Peace (MSP) castigated the ruling coalition that it said has taken […]

Wagner boss’ possible death ‘big shock’ for African leaders — analysts

The Russian warlord at the head of the Wagner mercenary group that had been operating in several African countries has been reportedly killed in a business jet crash northwest of Moscow on Wednesday (23 August). Russia’s Federal Agency for Air Transport reported to have initiated an investigation of the crash of a plane en route […]

Algeria’s Foreign Exchange Reserves Shrink to $88.61

Algeria’s foreign exchange reserves dwindled by $8.72 billion to $88.61 billion in June 2018, the Algerian news agency APS said. The rise in oil prices has not helped Algeria reduce the pace of its dwindling reserves, which dropped from $114.1 billion in 2016 and from $178 billion in 2014. Analysts say that even with oil […]