Kalerwe Market

Algeria boycotts Ecuador’s bananas after its pro-Morocco move

The prices of bananas are set to surge in Algeria after the latter boycotted imports of the fruit from its main supplier Ecuador, which has withdrawn recognition of the Polisario entity and backed Morocco’s autonomy plan for the Sahara. Ecuador has made the position last month, following the example of Panama, showing strong support for […]

Algeria Resorts to Time-buying Measures to Stave off Bankruptcy

As it heads straight to insolvency, Algeria insists on shunning foreign debt as it resorts to unconventional measures involving the Central Bank money printing to delay an impending bankruptcy in the absence of genuine reforms. After Algerian Prime Minister Ahmed Ouyahia announced a five-year plan to reduce his country’s ballooning budget deficit by borrowing directly […]

MINURSO should align focus to achievement of political solution based on compromise in Sahara- UNSC Resolution

The UN Security Council has barred the road to any reference to the obsolete and unfeasible referendum option, stating clearly that the MINURSO should align its focus to help achieve a mutually acceptable solution based on compromise. The UN Security Council “emphasizes the need to achieve a realistic, practicable, enduring and mutually acceptable political solution […]