Russian 20 Su-35 fighter jets

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’s Central bank under some international pressure to cut off funding for Dbeibeh-led Cabinet

The governor of the Libyan central bank, Saddek El-Kaber, is being pressured by some international parties to cut off financing for the Government of National Unity (GNU) led by Prime Minister Abdulhamid Dbeibeh who has refused to step down, after the country’s Parliament replaced him last week, Update Libya reports, citing some diplomatic sources who […]

Skoda Auto turns to Morocco to secure cable harness

Skoda Auto is among the automotive makers who are looking to Morocco to supply cable harness to offset the production disruption due to the Russia-Ukraine war. In a statement, Skoda Auto said it has secured additional production capacities of cable harness from Morocco and Romania which will add to a plant it has relocated from […]