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Mixed legacy: in Africa, not everyone mourns Queen Elizabeth II

As Africa reflects on the legacy of Britain’s Queen Elizabeth II, from Kenya to Nigeria to South Africa, the monarch’s passing has reignited a sensitive debate about Britain’s colonial past in parts of the continent, particularly the queen’s role as head of state during British rule. The death of the British monarch has prompted an […]

Fitch downgrades three Moroccan banks

Fitch Ratings has revised its outlook on Moroccan banks Attijariwafa Bank, Bank of Africa, and Credit Immobilier et Hotelier (CIH) to Negative from Stable, while affirming the three banks’ Long-Term Foreign-and Local-Currency Issuer Default Ratings (IDRs) at ‘BB+’. This comes after Fitch’s revision of the outlook on Morocco’s sovereign rating to Negative from Stable on […]

Bouteflika Likely to Win Despite Public Dissent

Despite unprecedented opposition protests, Algeria is likely to elect the incumbent Abdelaziz Bouteflika for his fourth term as the country’s fifth president being in office since 1999. Mr Bouteflika previously served as Minister of Foreign Affairs from 1963 to 1979, presided over the end of the Algerian Civil War in 2002, and ended emergency rule […]