Algeria’s trade deficit slipped into 14 billion dollars in the first 8 months of 2016 because of the fall in oil revenues, propelling the government to draft an austere appropriation bill for 2017 with the introduction of new taxes in a bid to minimize losses. Algeria’s trade deficit worsened despite an 11% decline in imports […]
Fifty-five members of Libya’s House of Representatives (HoR) strongly criticized the recent devaluation of the dinar, arguing that the move fails to address the root causes of the country’s deepening economic crisis. The lawmakers stressed, in a joint statement issued on Wednesday, that adjusting the exchange rate or increasing the dollar price would not resolve […]
Malawian police have arrested the stepson of former President Peter Mutharika in connection with the discovery last month of a mass grave, which contained 30 bodies believed to be those of illegal Ethiopian immigrants. Tadikira Mafubza who is a son of former President Peter Mutharika’s wife, turned himself in to police, according to the Malawian […]
