IMF

Morocco to invest $230 million in new Mogador resort

Morocco is planning to build a new Mogador resort, near Essaouira, for a total investment on $230 million. The new resort will be funded by a consortium of investors, including Samih Sawiri, Hussain Al Nowais, and Hossam El Shaer, who committed to fund 50% of the investment, the head of the government office said in […]

Mauritania: Former President Mohamed Ould Abdel Aziz Faces 20-Year Prison Sentence for Corruption

In a high-profile corruption trial in Mauritania, prosecutors have requested on Monday February 24 a 20-year prison sentence for former President Mohamed Ould Abdel Aziz. The charges stem from his abuse of power while in office, which allegedly allowed him to accumulate vast personal wealth. The prosecutor, Magistrate Sidi Mohamed Ould Di Ould Moulay, accused […]

Algerian rulers are running out of conspiracy theories

The Algerian regime has pushed its conspiracy theories to an absurd level as it continues to use domestic and foreign actors as scapegoats to blame for its self-inflicted authoritarian flaws which left its democracy-yearning youth impoverished and its economy heavily dependent on the price of the barrel. The regime is now evoking the “black decade” […]