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Sub-Saharan Africa hit hard by funding squeeze, IMF warns
Sub-Saharan Africa is facing a severe financing squeeze that, on the back of a series of unprecedented shocks, has driven up borrowing costs, weakened regional currencies and cut countries’ access to international capital markets, the International Monetary Fund (IMF) has warned. This “big funding squeeze”, which is the most serious issue facing sub-Saharan Africa, is […]
Morocco-GCC Summit Spurs Arab Unity & Action
The participation of King Mohammed VI at the 1st summit meeting held in Riyadh April 20 between Morocco and the rich-oil Gulf Cooperation Council (GCC) countries confirms the status of the North African nation as a regional key player. The summit comes at a time when the Arab world and particularly the six member States […]
Unemployed Youth Threaten to Put End to Own Lives in Algeria’s Boiling South
Dozen disenchanted youths in the southern Algerian city of Ouargla made headlines when they threatened to set themselves on fire following the example of Tunisia’s Mohamed Bouazizi. The deplorable living conditions in Ouargla and other oil and gas producing regions in southern Algeria stand in stark contrast to the well-off north of the country where […]



