Kenyan and Nigerian currencies have both hit all-time lows in the past few days, worsening the economic situation in the two heavily indebted African countries plagued by high inflation and ongoing dollar shortages. Kenyan currency hit all-time low of 150 shillings to the US dollar on Monday (23 October), while the Nigerian naira has faced […]
Gen. Michael Langley, Chief of U.S. Africa Command, travelled on Tuesday to Algeria and met with army chief Said Chengriha and President Abdelmajid Tebboune amidst intelligence reports warning against Iranian weapons delivered recently to Algeria-backed Polisario militias. According to experts, these weapons pose a direct threat to American interests in the region and to Morocco, […]
Morocco forsees growth to slow to 2.8% in 2018, down from 4% in 2017 as rainfall uncertainties haunt the agricultural output. The figures released by Morocco’s statistics office (HCP) show that Morocco’s growth remains vulnerable to the performances of the agricultural sector. According to the same agency, non-agricultural activities would increase slightly from 2.8% in […]
