US Treasury Secretary Janet Yellen will push this week for urgent resolution of requests by Ghana and Zambia for restructuring of their sovereign debts, as a record number of developing nations are at risk of a debt crisis, with ballooning inflation escalating borrowing costs. Yellen, who is scheduled to meet with her counterparts at this […]
As Algeria braces for another controversial presidential elections scheduled for next month with incumbent President Abdelaziz Bouteflika running for a fourth term, the country’s economic and social problems are building up with the drop in gas & oil output and revenues, heralding deep cracks in the country. According to Nourreddine Aït Laoussine, former CEO of […]
The Board of Directors of the African Development Bank (AfDB) on Wednesday in Abidjan approved a €120 million loan to Morocco to implement the country’s Financial Inclusion, Entrepreneurship, and the support program to very small & medium enterprises (SMEs). The Bank’s support will enable companies in difficulty to recover their activity and safeguard jobs […]
