Private lenders, not China, dominate debt repayments from poorer nations — study

Lower-income countries are paying private creditors nearly three times more than they repay China, according to new research by UK-based advocacy group Debt Justice, challenging dominant narratives around global debt. Between 2020 and 2025, 39% of the $354 billion in external debt repayments from 88 low-income countries and small island states will go to private […]

Morocco’s dates production up 30% in 2021

Morocco continues to invest to increase dates production which jumped 30% in 2021 to 127,000 tons from 90,000 a year earlier, the Moroccan agency for oases ONDZOA said.   Morocco has encouraged investments in date production to meet growing demand locally and internationally.   Most of the production is concentrated in the Tafilalet area, a […]

Libya’s Presidential Council to launch audit of oil & electricity contracts

The media office of head of the Presidential Council Mohammed Menfi has announced plans to establish a specialised Technical committee to inspect and audit contracts within Libya’s oil and electricity sectors. Acting in his capacity as head of the High Financial Committee, Menfi aims to review spending patterns and contractual obligations to ensure transparency and […]