Tensions have surged in Cameroon following opposition candidate Issa Tchiroma Bakary’s declaration of victory in the 12 October presidential election, days before official results are due. Clashes broke out in Douala and other cities as protesters rallied against what they allege are attempts to manipulate the vote. Tchiroma, a former government spokesperson under President Paul […]
The International Monetary Fund (IMF) commended Morocco’s tax reforms which enabled an enlargement of the tax base, narrowed the fiscal deficit and helped finance key reforms. “As a result, tax revenues in 2024 have been greater than expected. With only a small part of the additional tax revenues being saved, the central government’s deficit for […]
Algeria’s main source of revenue, oil and gas company Sonatrach, has seen troubles piling up as it struggles to juggle with historically low oil prices. The company, which accounts for more than 90% of Algeria’s exports, was dealt another blow with the cancelation of a supply contract with Spain’s Naturgy. Sonatrach will be obliged to […]
