gold Tri-K mine in Guinée

Israel’s FM unreciprocated optimism after meeting with Libyan peer

Speculations about an upcoming normalization of ties between war-torn and de facto divided Libya and Israel came to the fore following news of a meeting between the foreign ministers of the two countries, an incident that was described as historic in Israel but led to the sanctioning of Libya’s foreign minister by her government. The […]

Algeria Continues to Reel under Impact of Oil Prices Fall-IMF

Despite a sizable fiscal consolidation in 2017, the fiscal and current account deficits remain large in Algeria, which continues to face important challenges posed by the fall in oil prices four years ago, the IMF said. The fall in oil revenues was mostly felt in Algeria’s reserves which fell by $17 billion to $96 billion […]

Morocco’s Central Bank raises key interest rate to 3% to mitigate inflation

Morocco’s Central bank decided on Tuesday to lift its rates by 50 basis points to 3 percent to counter inflationary pressures exerted both at the domestic and international levels. During its first meeting of 2023 held in Rabat, the Board of Bank Al Maghrib discussed the evolution of the national economic situation and the Bank’s […]