Sudan’s Industry minister has reported sweeping devastation across Khartoum’s industrial landscape, confirming that more than 1,800 factories were either partially or completely destroyed by the Rapid Support Forces (RSF). Addressing journalists in Port Sudan Mahasen Ali Yaqoub said a Government damage assessment revealed that 553 factories were reduced to rubble, while 1,267 others sustained serious […]
Algeria continues to face important challenges posed by lower oil prices, says the International Monetary Fund Executive Board after concluding Article IV consultation with the North African country. Economic growth in the nonhydrocarbon sector slowed to 2.9 percent in 2016, partly under the effects of spending cuts. Inflation increased from 4.8 percent in 2015 to […]
King Mohammed VI highlighted the resilience shown by the Moroccan economy in a troubled region, amid a difficult global context marked by the pandemic’s repercussions. The pandemic had an unprecedented impact on the Moroccan economy but thanks to measures spurred by the King, the economy is on track to recovery. “The growth rate is expected […]
