The Kuwait Fund for Arab Economic Development (KFAED) has issued a loan of over $35 million for the construction of a 135 km highway in Mauritania that will link Nema to Fasala Nere, near the Malian border. The project that will also link the Port of Nouakchott to the border crossing at northwestern Mali will […]
Tunisia’s largest political party, Ennahdha, named Wednesday Mondher Lounissi as the new chairman of the Islamist movement in the absence of incumbent leader Rached Ghannouchi detained since April 17 on several charges. The executive committee of the party held a meeting Wednesday to take stock of the recent developments that hit the movement. Ghannouchi, the […]
Fitch Ratings has assigned Morocco’s Long-Term Foreign-Currency Issuer Default Rating (IDR) ‘BB+’ rating with a stable outlook due to the country’s macroeconomic stability, low inflation, a moderate share of foreign-currency debt in total general government debt and comfortable external liquidity buffers. Morocco’s fiscal deficit is expected to narrow to 6.3% of GDP in 2021 from […]
