Shares trading in indebted Kenya Airways suspended for another year as restructuring falters

Trading in Kenya Airways shares has been suspended for another year, as the indebted national carrier battles to return to profitability and the country’s president says he wants to sell the government’s stake. Stocks in the troubled airline have not been traded since July 2020 in the midst of the Covid-19 pandemic, which devastated global […]

Morocco introduces measures in its 2025 budget to curb inflation

The draft budget for 2025 provides for an array of measures to curb the impact of imported inflation on the citizens’ purchasing power, including wage hikes, cancelation of VAT and customs duties on some basic foodstuff, and subsidies. Under the new budget, monthly salaries lower than 6000 will be exempted from the income tax, while […]

Morocco denies establishment of military base near Algerian border

Morocco’s army has denied claims it is building a military base near its eastern border with Algeria, saying it is only planning the building of a military barracks. “The Royal Armed Forces, as part of a global relocation project of military barracks with the aim of liberating urban land, across the kingdom, is building a […]