Africa foof shortage

Fitch Ratings: Morocco has Buffers against Pressure on its Finances due to Covid-19

Pressure exerted on Morocco’s current account deficit (CAD) and external finances have increased significantly due to the COVID-19 pandemic global shock, Fitch Ratings says. However, the North African country has buffers to manage increased pressures, including recently displayed willingness to adjust the flexibility of the exchange rate regime, adds the international rating agency. Disruptions to […]

Pompeo Denounces Corruption, Promotes US Business in Angola

US Secretary of State Mike Pompeo on Monday denounced corruption in Angola, second leg of his current African tour.   In Angola, an oil-rich country whose people remain impoverished, Pompeo met with President Joao Lourenco, who is making strides against corruption, including actions against close relatives of the former leader. The oil-rich nation is ranked […]

Tunisia: Senior leaders, ministers leave Nidaa Touness

Few days after Nidaa Touness, which is leading Tunisia’s coalition government, lost its majority in the parliament following the resignation of 28 deputies from the party over the past few months, the fate of the party is in shambles as 10 senior leaders turned their back in what seems to be an unending trend. Among […]