Algeria plane crash

Africa’s $824bn debt burden, opaque resource-backed loans, hamper continent’s economic potential — AfDB

African Development Bank (AfDB) has asked policymakers to put in place an orderly and predictable way of dealing with Africa’s ballooning, unsustainable external debt pile that reached $824 billion in 2021. Africa’s $824 billion debt burden, the servicing of which requires countries to dedicate 65% of their GDP, and opaque, non-transparent resource-backed loans hamper the […]

Washington criticizes again Tunisian President after an anti-democratic turn

The United States has once again expressed its dissatisfaction with the new decisions of the Tunisian President, Kais Saied, in particular relating to the appointment of 3 members of the Electoral Authority which must supervise two upcoming elections in the country.   Since his election in 2019, the Tunisian head of state has often been […]

Sudan seals $6bn deal with UAE to build new Red Sea port

Sudanese government has signed a $6 billion agreement with a consortium led by the United Arab Emirates’ AD Ports Group and Invictus Investment to develop a new port and economic zone in the Red Sea. “This mammoth project, estimated to cost around $6 billion, will give a powerful boost to the national economy and bring […]