Over 20% of Cigarettes Consumed in Maghreb are Illicit- KPMG Study

Illicit cigarettes accounted for over 20% of consumption across the Maghreb region in 2016. However successful prevention strategies have resulted in a 24% decline since 2015, said the Amsterdam based professional service and auditing company KPMG in a recent study. The study, dubbed “Illicit Cigarette Trade in the Maghreb Region,” shows the 13 billion smuggled […]

Sub-Saharan Africa faces ‘lost decade’, its growth weighed down by continent’s heavyweights — World Bank

Economic growth in Sub-Saharan Africa is expected to decelerate this year by slumps in economic powerhouses South Africa, Nigeria and Angola, the World Bank has announced, expressing fears of a lost decade for the continent, faced with growing instability. For the current year, growth should reach 2.5%, compared with 3.6% last year, due in particular […]

Egypt Detains 29 people on Charges of Spying for Turkey

Egyptian prosecutor ordered the arrest of 29 people on charges of spying for Turkey and plotting to revive the outlawed Muslim Brotherhood organization. A statement of the Egyptian general prosecutor accused the arrested individuals of “spying in favor of Turkey and membership in a terrorist organization”. The statement added that Egyptian intelligence service uncovered a […]