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Algerian president inflates non-oil export figures to hide diversification failure

The manipulation of figures by the Algerian president continues unashamedly as he inflates non-oil and non-gas exports to project a false impression of an economy that is diversifying away from hydrocarbons. Speaking to a bunch of sycophant editors in chief few days ago, Tebboune said his country’s exports- not including gas and oil- grew to […]

Covid-19: EBRD supports Morocco’s response efforts with €145 Mln funding

The European Bank for Reconstruction and Development (EBRD) announced on Tuesday a €145 million financing facility to Moroccan Bank of Africa (BMCE Group) to support the country’s coronavirus response. This is the first investment to be delivered under the EBRD’s coronavirus Resilience Framework that was set up to meet the immediate short-term liquidity and working […]

U.S.A., Morocco discuss defense cooperation & shared security interests

Defense cooperation and shared security interests between Morocco and the United States were at the focus of a meeting in Rabat Wednesday between Minister in charge of National Defense Administration, Abdeltif Loudyi, and Marine Corps Gen. Michael Langley, AFRICOM Commander, who is visiting Morocco. Talks also discussed the potential to further strengthen Morocco-US partnership and […]