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Moroccan household purchasing power improves 5.1 Points in 2024 amid moderate inflation

Moroccan household purchasing power improved 5.1 points in 2024 compared to 1.8 points in 2023, according to the High Commission for Planning. The enhancement follows consumer price index evolution of just 0.9 percent reached in 2024, significantly below previous years. Household gross disposable income recorded 6.7 percent growth to reach 1,059.7 billion dirhams in 2024, […]

US Lambasts Algeria for Import Restrictions

The US has severely criticized Algeria’s protectionism as detrimental to trade and to the development of Algerian enterprises and US exporters alike. The US rebuke was expressed by Myron Brilliant, executive vice president and head of International Affairs at the U.S. Chamber of Commerce who was speaking to the press in Algiers. “The US chamber […]

Kremlin green-lights Russian naval base project in Sudan

Russian President Vladimir Putin has approved the draft agreement between his country and Sudan for the establishment of a Russian naval base on the shores of the African country. The draft deal was announced last week and waited for the Russian leader’s stamp. The base will be Russia’s first ever full military presence in Africa […]