Africa’s $824bn debt burden, opaque resource-backed loans, hamper continent’s economic potential — AfDB

African Development Bank (AfDB) has asked policymakers to put in place an orderly and predictable way of dealing with Africa’s ballooning, unsustainable external debt pile that reached $824 billion in 2021. Africa’s $824 billion debt burden, the servicing of which requires countries to dedicate 65% of their GDP, and opaque, non-transparent resource-backed loans hamper the […]

UN Chief: Sahara Settlement Requires Strong Political Will

The resolution of the Sahara conflict would require “strong political will, not just from the parties and neighboring states, but also from the international community”, UN Secretary-General Antonio Guterres said Monday in his report to the Security Council. “A solution to the conflict is possible”, he stressed in his report that takes into account the […]

Morocco’s Central Bank Keeps Key Interest Rate Unchanged at 2.25 % & Expects 5.6 % Growth in 2026

Morocco’s Central bank has decided to maintain its key interest rate unchanged at 2.25 % due to the continued strong momentum in economic activity, the projected moderate levels of inflation, and the significant uncertainty surrounding the global outlook. The decision was made Tuesday by the Bank’s Board after analyzing national and international economic developments, as […]