Morocco’s central bank maintained its benchmark rate at 2.75% amid decreasing inflation. The bank said inflation would decrease to 1.3% this year as a result of falling food prices, the main driver for inflation in the country. Inflation would increase slightly to 2.2% in 2025 as the government negotiates a new wave of price hikes […]
Despite deepening political crisis and growing social woes, the Algerian authorities continued their spree spending on weaponry instead of funding socioeconomic development projects. With a total of $9.6 billion in 2018, Algeria had by far the highest military spending in Africa, says the Stockholm International Peace Research Institute (SIPRI) in latest report. The rich oil-gas […]
Morocco has gained an important post within the African Union, dealing a hard blow to the Algerian regime which has lost regional and international lust, becoming just an empty shell. Moroccan diplomat Amina Selmane has presented lately to AU Commission chairperson Moussa Faki Mahamat her credentials as the Permanent Representative of the Arab Maghreb Union […]
