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Algeria to hold referendum on new constitution

Algeria will hold on November 1 a referendum on the new draft constitution, which grants more power to the parliament and the Prime Minister following several months of protests that led to the partial overhaul of the previous regime. The Presidential office announced the date Monday following a meeting between the President and the head […]

BTI Report 2024 sheds light on Morocco’s economy, investment strategy and international leverage

The Moroccan economy has been opening up, leading to the development of new sectors such as aerospace and automotive industry, says the 2024 Bertelsmann Transformation Index report (BTI), which analyzes transformation processes towards democracy and a market economy worldwide. Morocco has made good progress in carrying out reforms to improve market competitiveness, adds the report […]

Fitch Ratings downgrades Tunisia to ‘CCC’

Fitch Ratings has downgraded Tunisia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC’ from ‘B-‘, reported Tunisian News Agency TAP. The agency said that the downgrade to ‘CCC’ reflects heightened fiscal and external liquidity risks in the context of further delays in agreeing on a new program with the IMF after the political changes of […]