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Morocco’s subsidies spending surges to $4 bln in 2022

Morocco’s spending to support the purchasing power of its citizens at a context of imported inflation rose to 40 billion dirhams ($4 bln), finance minister Nadia Fettah Alaoui said. Cooking gas subsidies alone accounted for more than 50% of the subsidies budget at 22 billion dirhams due to an increase in prices in the international […]

DRC: Constitutional Court confirms incumbent leader winner of December elections

The Constitutional Court in the Democratic Republic of Congo (DRC) upheld Tuesday January 9 results of December Presidential elections, making incumbent President Félix-Antoine Tshisekedi, winner of the process and entitled to a second four-year term in office. The court ruling credits Tshisekedi with 73.47 per cent of the votes accounting 13,058,962 ballots on the basis […]

Algeria backpedals on expanding gas pipeline to Spain

After failing to honor its gas shipment promises to Spain, Alegria decided to halt works to expand the Medgaz pipeline to Spain vindicating the fears of Spanish gas importers and undermining its market share in the Spanish market. Algeria had promised Spain to expand the capacity of the Medgaz pipeline from 8 billion cubic meters […]