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Covid-19: King Mohammed VI proposes initiative to support African countries in pandemic management

King Mohammed VI has proposed the launch of an initiative by African Heads of State aimed at establishing an operational framework in order to support African countries in the various phases of the coronavirus pandemic management. The Sovereign made the proposal during phone talks he held this Monday with presidents of Côte d’Ivoire Alassane Dramane […]

UN report sees better prospects for African growth in 2025

The UN Department of Economics and Social Affairs predicts an improvement of overall African growth in 2025 to 3.7% from 3.4$, despite global stagnation. “Economic growth in Africa is projected to strengthen… driven by recovery in the region’s largest economies,” the report says. However, “Central Africa lags behind due to stagnating oil production and political […]

Algeria Continues to Reel under Impact of Oil Prices Fall-IMF

Despite a sizable fiscal consolidation in 2017, the fiscal and current account deficits remain large in Algeria, which continues to face important challenges posed by the fall in oil prices four years ago, the IMF said. The fall in oil revenues was mostly felt in Algeria’s reserves which fell by $17 billion to $96 billion […]