Morocco denies banning drugs exports to African countries

Moroccan health authorities have refuted the press reports claiming that the Kingdom has banned the exports of drugs to African countries, particularly during the current global health crisis caused by coronavirus pandemic. The Moroccan ministry belied the press report, labeling as “false and baseless” its claims, which seek to tarnish Morocco’s image and its health […]

Tunisia introduces austerity measures

The government has revealed that it will introduce austerity measures to curb its budget deficit. Finance Minister Elyes Fakhfakh’s announcement could further stir up the heightened political crisis to new levels. The decision will imply the reduction of public expenditure and the freezing of public salaries. The move is not expected to be welcomed by […]

African economies to remain resilient despite financial headwinds — AfDB report

Despite the tightening global financial conditions, African economies are expected to remain resilient with a stable outlook in 2023-2024, according to a report by the African Development Bank (AfDB) that however urges bold policy actions to mobilize and leverage private financing for development in the continent. Africa’s average GDP growth is projected to stabilize at […]