Egypt has decided to call off its first debt sale after a rating cut at Standard & Poor’s raised borrowing costs and as Fitch Ratings warned against delaying an International Monetary Fund loan beyond January. The local currency is continuing on its journey of unprecedented deprecation. The sale which was supposed to take place was […]
Morocco has become Africa’s top tourist destination with new record arrivals of 17.4 million tourists in 2024, the tourism ministry said. Arrivals were two years ahead of schedule or 20% higher compared with 2023, showing the country has turned the Covid-19 page thanks to major investments in its hospitality sector. Of all visitors, 51% were […]
The ongoing civil war in Sudan, now entering its second year, has led to what the African Union (AU) has called the “worst humanitarian crisis in the world.” The conflict between Sudan’s military government and the paramilitary Rapid Support Forces (RSF) has displaced millions and left hundreds of thousands of children malnourished, with dire shortages […]
