Algeria bread price increase

Egypt seeks to get $1.5bn loans before 2016

Egypt is seeking to get $1.5 billion loans from the World Bank and the African Development Bank as fears increase that the Egyptian pound would be devalued if the dwindling foreign currency reserves go below $15 billion. The country has been struggling since 2011 to stabilize its economy and finances shaken by the protests that […]

Morocco Unveils Plan to Triple Investments by International Film Producers

A plan to set up financial incentives to attract more international filmmakers to Morocco was unveiled in Rabat with the aim of tripling investments by foreign producers in the Kingdom. Speaking at a conference, Director General of Morocco’s cinema center (CCM) Sarim Fassi Fihri underscored the plan’s beneficial impact on job creation notably in the […]

Absence of finance chiefs, no joint statement mar South Africa’s G20 summit

The G20 summit wrapped up in Africa without a joint communiqué amid an absence of the US and major financial chiefs. The United States boycotted the event citing South Africa’s “anti-Americanism”. The decision also came after fierce criticism by Trump, who accused the South African government of discrimination against its white minority. The absence of […]