On the same day the competition council issued a scathing report criticizing the government’s plan to set caps on fuel prices, governance minister responded by discarding the report as political. The council said capping fuel prices would not be beneficial to the Moroccan economy and citizen’s purchasing power. The council also called for more structural […]
The Moroccan banking group, Attijariwafa bank, and the Sumitomo Corporation Europe Limited, one of the branches of the Japanese giant, have signed recently a memorandum of understanding, under which they agreed to establish a long-term partnership for the implementation of major development projects in Africa. The memorandum seeks to promote cooperation between the two groups […]
Despite deepening political crisis and growing social woes, the Algerian authorities continued their spree spending on weaponry instead of funding socioeconomic development projects. With a total of $9.6 billion in 2018, Algeria had by far the highest military spending in Africa, says the Stockholm International Peace Research Institute (SIPRI) in latest report. The rich oil-gas […]
