wind farms

Algeria squanders gas wealth to buy social peace, fatten army

Algeria is about to approve the largest budget in its history and in Africa, most of it dedicated to maintain cash-handouts on which its social peace depends and increase spending on the army. Some 125 billion dollars will be budgeted by the government this year, as the country lacks any significant investment or economic project […]

Morocco begins gradual cooking gas subsidies cut

Following targeted cash-handouts to needy households, Morocco has cut by 10 dirhams the subsidized price of a cooking gas cylinder, in a move that will alleviate the subsidies burden. The decision- that entered into force on May 20- marks the first subsidies cut in a gradual process that aims at breaking away with general subsidies. […]

Algeria’s African Business Forum Turns into Fiasco

The big PR African business & investment forum which Algerian authorities organized lately in a bid to improve the country’s image that is losing luster in the continent has turned into a fiasco. From the outset, the shaking start of the event was marred by protocol errors showing lack of experience, irking Algerian officials who […]