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Algeria backpedals on expanding gas pipeline to Spain

After failing to honor its gas shipment promises to Spain, Alegria decided to halt works to expand the Medgaz pipeline to Spain vindicating the fears of Spanish gas importers and undermining its market share in the Spanish market. Algeria had promised Spain to expand the capacity of the Medgaz pipeline from 8 billion cubic meters […]

COVID-19: African finance ministers seek IMF, World Bank and EU support on debt relief

African finance ministers have requested the support of the International Monetary Fund, the World Bank and the European Union for bilateral, multilateral and commercial debt relief amid the coronavirus crisis.   The request was germinated from the second virtual meeting on Tuesday, hosted by Vera Songwe, Executive Secretary of the Economic Commission for Africa, and […]

Morocco’s wholesale sector projects stable Q2 performance

Morocco’s wholesale trade sector anticipates steady performance in the second quarter of 2025, with 68% of wholesalers expecting stable sales volumes and 26% forecasting increases, according to the High Commission for Planning’s (HCP) latest quarterly survey. The projected stability stems from anticipated sales growth in specialized wholesale trades and industrial equipment sectors, offset by expected […]