Economic growth in Sub-Saharan Africa is expected to decelerate this year by slumps in economic powerhouses South Africa, Nigeria and Angola, the World Bank has announced, expressing fears of a lost decade for the continent, faced with growing instability. For the current year, growth should reach 2.5%, compared with 3.6% last year, due in particular […]
Anger and frustration are mounting in Algeria following the unprecedented increase in all food prices that hits badly the consumers in the OPEC member country. The prices of some products have become up to 1,000 pc more expensive because of speculation and structural problems. For example, garlic prices went up from 200 dinars ($ 1.8) […]
The Moroccan Oulmès water company (LEMO) announced Wednesday it notched a deal with the Benin water company “Eau Techonologie Environnement” (ETE) becoming the main shareholder of ETE with 55%. The deal was signed on August 17 after LEMO clinched 55% shareholding from Cauris Croissance Fund (45.74%) and Christian Mondjanagni (9.26%) founder and shareholder at ETE. […]
