Algerian President Tebboune

Terrorism spilling over from Sahel to coastal West Africa- UN warns

The “pervasive threats” of terrorism and organized crime are spilling over from the conflict-stricken Sahel to more stable coastal areas in West Africa, a UN envoy said. Terrorist groups sprouting from the Algerian civil war legacy found safe haven in the vast desert swathes of the Sahel where they acted in connivance with trafficking groups […]

AfDB pioneers carbon markets facility to propel climate finance

In a decisive stride towards climate resilience, the African Development Bank (AfDB) announced plans to establish a dedicated Carbon Markets Support Facility aimed at galvanizing carbon finance across Africa. Recognising the continent’s disproportionate vulnerability to climate change-induced disasters, this pioneering initiative seeks to unlock new streams of investment by formalizing and scaling carbon credit trading. […]

IMF: Morocco Still Qualifies For $3.4 Bln PLL

The International Monetary Fund has reaffirmed Morocco’s continued qualification for the Precautionary and Liquidity Line (PLL) Arrangement after a first review of its executive board. The two-year PLL arrangement for Morocco in the amount of SDR 2.504 billion (about US$3.42 billion) was approved by the IMF’s Executive Board in July 2016. After completing a first […]