TURKMENISTAN FM Rachid Meredov

Morocco’s Central Bank keeps rates unchanged amid persisting inflation

Morocco’s Central Bank has decided to keep its key interest rates unchanged at 3 pc due to persistent inflation fueled by soaring food prices and the war in Ukraine which continues to affect global economy. The decision was made Tuesday by the Board of Bank Al Maghrib during its second quarterly meeting held to discuss […]

Mozambique: massive jailbreak sees 1,500 inmates escape amid post-election violence

Over 1,500 inmates escaped during a riot in the high-security Machava prison near in Mozambique’s capital Maputo that left 33 people dead and 15 injured on Wednesday (25 December), according to police general commander Bernardino Rafael. About 1,534 people escaped during the massive prison break, of whom about one tenth have since been recaptured. The […]

Algeria’s revenue lifeline Sonatrach in a free fall

Algeria’s main source of revenue, oil and gas company Sonatrach, has seen troubles piling up as it struggles to juggle with historically low oil prices. The company, which accounts for more than 90% of Algeria’s exports, was dealt another blow with the cancelation of a supply contract with Spain’s Naturgy. Sonatrach will be obliged to […]