King & Macron

Economy: Fitch affirms Morocco’s ‘BB+, stable outlook

Fitch Ratings has affirmed Morocco’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB+’ with a stable outlook. Morocco’s ‘BB+’ ratings reflect sound macroeconomic policies, strong official creditor support, favorable debt profile and comfortable international liquidity buffers, explained the agency in a commentary published on its official website. Fitch indicated that Real GDP growth was stable […]

Cash-strapped South Africa’s Eskom to cut power over shortage

South African state power utility Eskom said on Monday that it would implement controlled power cuts for a second day in a row because of a shortage of generating capacity in the southern African nation. The state power utility said it would cut 2,000 megawatts from the national grid from 07:00 GMT, likely until 20:00 […]

Algeria’s obsolete rhetoric increasingly inaudible in forward-looking Africa

Algeria’s aged and ailing military regime is still bogged down in a cold-war mentality that made the country diplomatically and politically isolated more than ever. The recent maneuvers at the TICAD Japan-Africa summit once again shows the fading voice of Algeria on the continent. Algeria has squandered its oil and gas wealth to buy positions […]