Sub-Saharan Africa income further falls behind rest of the world

Sub-Saharan Africans’ income is further decreasing compared to the rest of the World amid a lackluster economic growth, the International Monetary Fund Said. Amid a surge in geopolitical conflicts and climate change devastating impacts, Sub-Saharan African economies would only grow by 3.8% this year, up from 3.4% in 2023, the IMF said in a report. […]

Algeria: Former OPEC Secretary General endorses Bouteflika’s 5th term

Algeria’s former minister of energy and ex-Secretary General of the oil cartel OPEC Thursday threw his full support behind incumbent President Abdelaziz Bouteflika should he run for another term during April Presidential elections. Chakib Khelil in statement on his facebook page, first blasted comments made by famous sport journalist Hafid Derradji who said the ex-minister […]

Crisis-hit Algeria Earmarks 25% of its Budget to Defense

Despite announcing austerity measures to fend off an impending crisis, Algeria maintained its lavish spending on defense to which it earmarked 25% of its 2018 budget, that is equivalent to $10.4 billion. Whatever happens never reduce spending on arms. This seems the guiding principle of the military dominated Algerian state, which seems to turn a […]