Washingtone-Bourita & Pompeo Feb 6 2019

Mauritania’s Sidi Ould Tah elected ninth president of the African Development Bank Group

Sidi Ould Tah of Mauritania was elected this Thursday President of the African Development Bank Group at the Bank’s Annual Meetings held in Abidjan, Côte d’Ivoire. Sidi Ould Tah will succede Nigerian Akinwumi Adesina at the helm of the AfDB. Tah was elected by the Bank’s Board of Governors, comprising Finance and Economy Ministers or […]

Tunisia: Army Trades Shots with Smugglers near Libyan Border

Tunisian army personnel exchanged Monday fire with a convoy of smugglers in the town of Ben Guerdane, near the Libyan border, forcing the smugglers to return to Libya, reports say. A statement from the defense ministry indicates that the fire exchange occurred at the buffer zone in the southern town of the country. The smugglers […]

Algeria risks bleak economic prospects in 2026 as Oil prices slump

Algeria’s state-led economic model faces growing vulnerabilities as global oil prices weaken and fiscal imbalances deepen, while diversification stalls. Latest IMF and World Bank assessments reveal a troubling mix of widening deficits, persistent unemployment, and distorted macro indicators that mask underlying fragility. The IMF projects average oil prices at $65.8 per barrel in 2026, down […]