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IMF vows endorsement to political, institutional reforms in Burkina Faso

North Africa Post

The International Monetary Fund (IMF) Monday June 26, threw its support behind the ongoing institutional and political reforms in Burkina Faso, adding that it can provide funding for the transitional process. Martin Schindler, Deputy Division & Mission Chief of the Washington-based institution underlined the support during a meeting with the transitional leader of the West […]
Africa Emerging Markets Energy Europe International

Nigeria wins appeal in landmark ruling against Process & Industrial Developments

North Africa Post

Nigeria no longer has to pay a multibillion-dollar fine over a failed gas project agreement with Process & Industrial Developments Ltd (P&ID), after a London High Court has ruled in favor of Abuja and its appeal over damages, thus bringing an end to the $11 billion lawsuit filed by P&ID against the federal government. An […]
Headlines Morocco

Corruptions Rips Morocco of 7% of GDP

North Africa Post

Morocco loses between 5 to 7% of its GDP due to corruption, head of the government Saad Eddine El Othmani said urging action to fight this calamity. Speaking at a recent meeting with his party members, El Othmani stressed the need for achieving the goals of Morocco’s anti-corruption strategy in two years. “There should be […]