Africa’s trade volume is projected to shrink in the first six month of 2024, as the recent attacks by Iran-backed Houthi rebels on commercial vessels will have a huge consequence on the economies of African countries, especially those in North and East Africa, says a new report compiled by Afrexim Bank. As Yemen-based militants continue […]
King Mohammed VI highlighted the resilience shown by the Moroccan economy in a troubled region, amid a difficult global context marked by the pandemic’s repercussions. The pandemic had an unprecedented impact on the Moroccan economy but thanks to measures spurred by the King, the economy is on track to recovery. “The growth rate is expected […]
The International Monetary Fund (IMF) has loaned Burkina Faso $80.7 million to help the West African country surf the impact of the global food crisis. “Food insecurity in Burkina Faso has increased significantly owing to deteriorating security conditions, which led to the displacement of about 2 million people; unfavorable climate events; supply-chain disruptions following the […]
