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Algeria: $58 billion of Foreign Exchange Reserves Lost in 2 Years

Collapse of oil revenues and sharp increase in importations have caused a huge dent in Algeria’s foreign reserves with figures pointing at $58 billion loss since 2014; year of exceptional growth, the country’s Prime Minister said on Sunday. Prime Minister Abdelmalek Sellal at a tripartite meeting including government, worker’s syndicate and employers, indicated that Algeria […]

COVID-19: Moroccan schools remain closed till September, no exams except Baccalaureate

Morocco’s Minister of Education Saïd Amzazi announced that schools will remain closed until next September and that all final exams of the 2019-2020 academic year will be cancelled, except for the first and second years of the baccalaureate levels. Addressing the House of Councilors this Tuesday, May 12, Amzazi said only Baccalaureate levels students (First […]

Burkina Faso, Mali, Niger introduce 0.5% import tax to fund AES activities

Burkina Faso, Mali, and Niger have introduced a 0.5% tariff on goods imported from third countries, a move aimed at financing their activities within the Alliance of Sahel States (AES). This new tax, named the “AES confederal levy,” will apply to products entering the three countries but will exclude goods from other AES members, as […]