Africa’s debt crisis: interest payments on debt soar amid govt’s growing financial strain

As many African countries are struggling to service their debts, a new World Bank report warns that interest payments on long-term debt in sub-Saharan Africa surged nearly seven-fold to $26 billion between 2010 and 2023. The sharp increase came as the region’s foreign borrowing doubled to $864 billion within the same period. Africa’s worsening debt […]

U.S. becomes Spain’s 1st gas supplier as Madrid reduces drastically imports from Algeria

The United States has become Spain’s main gas supplier after it reduced substantially gas imports from Algeria following the unilateral Algerian decision of shutting down the Maghreb Europe gas pipeline (GME), the failure of Algerian regime to honor its commitment and attempts to weaponize gas supplies for geopolitical gains. Latest data published by Enagas, Spanish […]

Sahara: Guatemala renews full support for Autonomy Plan, confirms opening of consulate in Dakhla

Guatemalan deputy foreign minister Ava Atzum Arevalo Tribouillier de Moscoso reiterated, Monday in Rabat, her country’s full support to the Morocco-proposed autonomy plan in the southern provinces, as the only solution to the dispute over the Moroccan Sahara, and announced the opening of a consulate in Dakhla. “We fully support Morocco and its autonomy initiative […]