Tunisian Prime Minister Youssef Chahed with King salman

Rising borrowing costs threaten growth in Africa’s three largest economies

Governments and businesses in Nigeria, Kenya, and South Africa are grappling with sharply rising borrowing costs, a trend that poses serious risks to economic growth across Sub-Saharan Africa, according to a new report by Moody’s Ratings. Over the past five years, debt servicing costs have surged in all three economies due to weak policy frameworks, […]

Libya: ISIL pushed back in Derna, Shura Council claims

The battle to push the Islamic State of Iraq and the Levant (ISIL) group out of Derna has been going on with the Shura Council of the city leading the charge. ISIL has been increasing the territory under its control in Libya but the Shura Council of Derna has claimed that it has forced it […]

Internet usage spikes in Morocco during pandemic

Internet data usage rose dramatically in Morocco during the pandemic on the back of an increase in new subscribers of 4G and broadband, Morocco’s telecoms regulator said. Data usage was up 155% to 8 billion gigabytes in 2020 compared to a year earlier, the agency said. The number of subscribers rose to 29.8 million, which […]