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IMF warns climate change to exacerbate conflict, war-torn, fragile African states most at risk

Climate change that is already disproportionately affecting war-torn countries threatens to exacerbate conflict in fragile nations across the globe, but most of all in Africa, and lead to increased deaths, according to a new report published by the International Monetary Fund (IMF). While climate shocks alone may not trigger new unrest, the Washington-based global lender […]

Ethiopian Airlines-led consortium to help newcomer Nigeria Air take-off

Ethiopian Airlines, Africa’s largest air carrier by fleet size, is reviving Nigeria’s bid for a national flag carrier, as it seeks to build its regional network and add to its portfolio of stakes in airlines across the continent. After many failed attempts to launch a profitable airline, Nigeria’s federal government has enlisted Ethiopian Airlines to […]

Morocco’s spending on subsidies more than halved in first quarter this year

Spending as part of the compensation fund subsidizing the prices of fuel, wheat, sugar, and butane gas more than halved to 4.5 billion dirhams in the first quarter this year, auguring well for state finances, according to the finance ministry. Subsidies including cash handouts to transport professionals stood at 44 billion dirhams last year due […]