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Russia-Africa Summit: Exclusion of Polisario Heralds its Inevitable Collapse

President Vladimir Putin has not invited the polisario separatist group, backed by Algeria, to the flagship first Russia-Africa Summit meant to increase Russia’s influence in the continent and to enhance its cooperation with African countries, while countering the growing presence of China. The exclusion of the secessionists from this event, held Oct.23-24 in the city […]

Morocco Ranks as World Bank’s Eighth Largest IBRD Borrower with $1.77 Billion

Morocco secured $1.77 billion in World Bank financing during fiscal year 2025, positioning itself as the institution’s 11th largest recipient overall and eighth largest borrower from the International Bank for Reconstruction and Development (IBRD), according to newly released Bretton Woods statistics. The World Bank’s total commitments reached $80.8 billion for the fiscal year ending June […]

African Development Bank set to launch game-changing refinancing tool

African nations struggling with mounting international debt are about to get a lifeline. The African Development Bank’s new refinancing facility isn’t just another bureaucratic solution – it’s potentially a financial game-changer for the continent. The initiative, dubbed The African Financial Stability Mechanism, stands ready for launch after clearing its final hurdles. All that’s needed now […]