Morocco’s trade unions have called again for the reopening of Saudi-owned “Samir” refinery which stopped operations in 2015 due to mounting debts exceeding $4.4 billion. The facility has remained closed while enduring prolonged legal, financial, and international arbitration battles over its debts. The Unions’ call comes after Morocco’s parliament rejected a proposal in June to […]
Sudan, Cabo Verde, Mozambique, Republic of the Congo, and Egypt have been listed as countries with the highest debt to GDP ratio in the African continent. This came in a report by Yahoo Finance which listed 30 countries with the highest debt to GDP ratio. The report noted that Emerging economies and low-income economies are […]
The 14th African Union Extraordinary Session of the Assembly on Silencing the Guns has ended with a reiteration of the primacy of the UN as the exclusive framework for a political solution to the Sahara issue. The decision deals a new blow to Algeria and its national Ismail Chergui who heads the AU’s Peace and […]
