Moroccan tanger med port

Sub-Saharan Africa to fall into recession in 2020—World Bank

The World Bank has warned that the rapidlyspreading coronavirus outbreak is expected to push sub-Saharan Africa into recession in 2020 for the first time in 25 years. The International lender’s Africa’s Pulse report released on Tuesday said the region’s economy will contract 2.1% to 5.1% from growth of 2.4% last year, and that the coronavirus […]

Libya’s Public Debt Nears Economic Output, Audit Bureau Reports

Libya’s public debt stood at nearly $50 billion in 2024, according to the annual report of the Libyan Audit Bureau, excerpts of which were published by the state-run Libyan News Agency. The report puts total debt at 270 billion Libyan dinars (about $49.8 billion), comprising 84 billion dinars owed by the Tripoli-based Government of National […]

Casablanca-Settat Region Gets $100 Mln from IFC for New Tramway lines & Road projects

Morocco’s Casablanca-Settat region and the International Finance Corporation (IFC) inked on Thursday a $100 million financing agreement for the construction of two new tramway lines in Casablanca and other infrastructure projects. The funding deal was signed by Mustapha Bakkoury, President of the Regional Council of Casablanca-Settat region, Nabil Belabid, Director General of Casa Transports and […]