Algeria to hunt down some France-based nationals for ill-gotten wealth

Algeria has launched its campaign to recover wealth stolen by France-based members of former President Abdelaziz Bouteflika’s circle. The justice of the North African country has reportedly turned to its French counterpart to help hunt down dozens of Algerian nationals known close to Bouteflika. The suspects, who have not been named, are sued for several […]

Macron addresses crisis in Sahel, calls for strengthening French diplomacy

During a major foreign policy speech to ambassadors gathered in Paris on Monday (28 August), French President Emmanuel Macron said his country refuses any “paternalism” but also any “weakness” in Africa, as the Sahel faces an “epidemic of putsches” amid a wave of anti-French sentiment. In his speech, Macron called for a strengthening of France’s […]

Sub-Saharan Africa hit hard by funding squeeze, IMF warns

Sub-Saharan Africa is facing a severe financing squeeze that, on the back of a series of unprecedented shocks, has driven up borrowing costs, weakened regional currencies and cut countries’ access to international capital markets, the International Monetary Fund (IMF) has warned. This “big funding squeeze”, which is the most serious issue facing sub-Saharan Africa, is […]