public transport

Algeria’s economy, a crisis in the making

Long ruling Bouteflika has stepped down after popular protests leaving behind him an embattled economy vulnerable to international oil prices. After years of unsustainable spending, Algeria’s foreign exchange reserve shrunk to cover only four years of imports making it difficult to sustain a generous subsidy system that has bought peace at the expense of financial […]

Famous French-Tunisian rapper sentenced to five years in prison for money laundering

A Tunisian court Monday sentenced for money laundering popular French-Tunisian rapper, Iteb Zaibet, aka Rayan Sanches or Swagg Man, Webdo Tunis reports. The Criminal Chamber specialized in financial corruption cases also fined the 37-year old rapper $35,744. The court also ordered the transfer of $6.8 million to state treasury. The Nice-born rapper has been in […]

AfDB Supports Morocco’s Industrial Acceleration Plan with €268 Million

The board of directors of the African Development Bank (AfDB) group approved a €268 million financing to phase II of the Industrialization Acceleration Support Program in Morocco (PAAIM II), the financial institution announced on Wednesday. The objective of this program is to promote Morocco’s industrial acceleration through the deployment of industrial ecosystems, the improvement of […]