Algeria Resorts to Printing Press to Fix Budget Deficit

The Algerian government has resorted again to the printing press to inject in the market over 4,000 billion dinars, the equivalent of 20% of the country’s GDP, to deal with the 2018 budget deficit. The situation is likely to get worse in 2019, as the outlook for oil prices is rather pessimistic. Since 2014, economic […]

Morocco’s OCP turnover rises to $2.3bln by March 2025

Morocco’s phosphates and fertilizer giant, OCP, reported a 10% growth in its revenue in the first three months this year to $2.3 billion. This performance was attributed to higher demand on fertilizers in Europe, Brazil, Africa, and India, where inventories have been depleted. It also took place in a context of DAP/MAP fertilizers export restrictions […]

International partners pledge $23.5bn for Niger’s national development program

Several partners have pledged to contribute up to $23.5 billion to the Niger’s Economic and Social Development Program known as PDES 2022-2026, the office of President Mohamed Bazoum has announced on the sidelines of an investors’ roundtable held in Paris dec.5-6. “At the end of the first day, 22.3 billion euros (23.405 billion USD) of […]