Many African governments, including Kenya and Uganda, are facing unrest due to tax hikes and reduced spending on health and education with the aim to make fiscal spaces for external debt payment. The continent’s foreign debt reached more than $1.1 trillion at the end of last year, according to the African Development Bank, which kept […]
In 2011, Libya’s economy contracted to around 60% but according to the International Monetary Fund, it grew by more than 100% in 2012 as it continues to recover. It is forecasted to reach around 16.7% this year after attaining 121.9% in 2012. The head of an IMF mission which went to country, Ralph Chami, stated […]
A court in Tunisia has condemned former Environment minister Mustapha Aroui to three years in prison for involvement in the illegal import of household waste from Italy in 2020. The ruling was issued by Tunis Court of Instance. Aroui has been in prison since December 2020, only six months into the job. The case raised […]
