CIA

African govts in fiscal bind amid high interest rates and debt squeeze

With the interest rates likely to stay high in 2024, governments across Africa are presented with a unique challenge and dilemma as they struggle to pay off rising levels of accumulated debt at the same time as they are being urged by the International Monetary Fund (IMF) to cut costly fuel subsidies and raise more […]

Over 2.5 million passengers used Morocco’s high-speed rail in a year

Morocco’s high-speed train link between Casablanca and Tangier has proved skeptics wrong as it attracted 2.5 million people in a year after its launch, head of state-owned rail operator ONCF Mohamed Rabii Lakhlie said, noting that basic rail service has been used by 15 million passengers in a year. ONCF said the high-speed connection is […]

EU to release €300m to help Tunisia fight Coronavirus pandemic

The European Union will release €300 million on June 1 to assist Tunisia in its fight against the global pandemic that has caused the death of 12,451 in the North African country. Marcus Cornaro, the envoy of the EU commission to Tunisia informed Prime Minister Hichem Mechichi of the release of the funds, the first […]