As Kenyans head to the polls on August 9, East Africa’s largest economy could be headed for tough times. With the country’s currency having depreciated sharply, Kenya’s Treasury will face difficulty paying back its huge dollar-denominated debt. Kenya is among developing countries facing an economic crisis, according to a recent report released by Moody’s Investors […]
Algeria trade deficit widened to $10.33 billion during the first nine months of 2015, against a $4.09 billion surplus a year earlier, after a sharp fall in energy earnings caused by global drop in crude oil prices. The new figures confirm the deteriorating economic situation in the North African country, member of the OPEC cartel. […]
President Abdelmadjid Tebboune’s latest visit to Italy was meant to be a diplomatic breakthrough. Instead, it marked yet another chapter in a series of fruitless overtures that have come to define Algeria’s increasingly desperate foreign policy. Despite multiple visits to Rome in recent years and generous gas deals, Tebboune returned home empty-handed again. The Algerian […]
