Madrid

COFACE: Algeria Listed among High Risk Countries

French Credit Insurance Company Coface has downgraded Algeria ratings to C, the lowest grade, over serious concerns of social frustrations boiling in the oil-producing country wherein high risks of social turmoil are exacerbated by the volatility of oil prices. The Algerian growth “slowed in 2017 due to the state’s dwindling financial resources and public spending […]

Somalia seeks more US support in fight against Al-Shabab

Somalia is seeing gains in the fight against the Somali-based, al-Qaida-affiliated Islamist militant group al-Shabab, and seeks support from the United States to help the country finally eliminate this threat to its national security, Somali President Hassan Sheikh Mohamud said during his visit to Washington last week. In a speech to the Somali diaspora community […]

Russia sends military trainers, arms to Niger

Russia has sent a group of military trainers and air defense systems to Niger, few days after Niamey ended military cooperation with the US. Niger has aligned itself with Moscow since a coup, that followed the example of neighboring Mali and Burkina Faso. The three coup-hit Sahel states have expelled French troops and bolstered ties […]