South Sudan is nearing an agreement with a UAE company for an oil-backed loan worth $13 billion, the largest in Africa’s newest nation’s history. The news was reported by AP citing an unnamed UN source which said the deal is close to being signed. “Servicing this loan would likely tie up most of South Sudan’s […]
Morocco’s economic outlook has worsened due to drought and external shocks, notably imported inflation, with growth prospects seen at between 1.5% and 1.7%, head of the Moroccan government Aziz Akhannouch said. The government had based its 2022 budget on a growth forecast of 3.2% and expected its budget deficit at 6.1%. Akhannouch said that high […]
Morocco and Sweden are mending their strained relations after a row over a failed attempt last year in Stockholm to recognize the Algerian-based auto-proclaimed SADR republic. In a sign of easing tensions between the two countries, Swedish Foreign Minister, Margot Wallström, who is visiting Morocco, met on Wednesday her Moroccan counterpart Salaheddine Mezouar to discuss […]
