GNA leader Fayez Serraj

Tariff tensions trim Africa’s 2025 growth forecast, warns AfDB

Africa’s economic growth is expected to hit 3.9% in 2025, up from 3.3% in 2024, but still lower than previously projected, according to the African Development Bank (AfDB). In its latest African Economic Outlook report, released during its ongoing annual meeting in Côte d’Ivoire, the Bank downgraded its forecast by 0.2 percentage points, citing uncertainty […]

Commodities imports deepen Morocco’s trade deficit up to Feb 2022

Morocco’s trade deficit rose 57% up to February this year, due to a surge of commodities prices in the international market. Tensions in the black sea and the loss of Ukrainian and Russian commodities and wheat exports sent prices skyrocketing hitting the finances of import-reliant states. For example, Morocco’s ammonia imports, used in the production […]

Tshisekedi applauds Trump’s peace bid but rejects pressure on Congo’s minerals

Congolese President Félix Tshisekedi has credited former U.S. President Donald Trump for his efforts to mediate peace between the Democratic Republic of Congo (DRC) and Rwanda, saying he would support Trump for a Nobel Peace Prize if the decades-long conflict ends. “This conflict has been going on for 30 years, and four American presidents have […]