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 […]
A new wave of family-owned businesses is reshaping Morocco’s financial landscape as they increasingly turn to the Casablanca Stock Exchange to secure growth and ensure succession. The latest example is SGTM, a heavyweight in Morocco’s construction sector, which is preparing a landmark initial public offering (IPO) scheduled for December 16, Jeune Afrique reported in a […]
Algerian President Abdelaziz Bouteflika Wednesday dismissed national police Chief Mustapha Lahbiri and named the former Foreign Minister Ramtane Lamamra, as his diplomatic adviser. A statement from the interior ministry said the President has appointed Abdelkader Kara Bouhadba, director of the judicial police, in replacement of Lakhdar Lahbiri. Lakhdar Lahbiri took over in June last year […]
