Fitch-Ratings

African Union suspends Sudan’s membership

The African Union suspended the participation of Sudan in all its activities until constitutional order is restored with the installation of a civilian-led transition government. The decision was taken by the AU’s supreme decision-making body the Security and Peace Council as war dragged on in Sudan between the army and the paramilitary force RSF. “While […]

Egypt-Israel: Tel Aviv re-opens mission in Cairo four years after forced closure

Israel Wednesday officially re-opened its mission in Cairo four years after the building was stormed by protesters in September 2011, forcing the ambassador to operate from an unofficial location. The re-opening ceremony was attended by director-general of the Israeli Foreign Ministry Dore Gold, the Israeli and US ambassadors to Cairo and other diplomats. Gold said […]

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 […]