The economies of East Africa face rather bleak prospects for growth this year because of the increasing risk of debt distress, widening fiscal and current deficits and limited economic diversification plans, according to the latest forecast by the African Development Bank (AfDB). The AfDB forecasts the region’s GDP at 4% this year, before recovering to […]
Global remittances from African diaspora to their home continent are set to exceed $100bn a year amid demographic trends in Europe such as an aging population and a low birth rate that are creating a need for continued migration. Remittances to low- and middle-income countries (LMICs) grew an estimated 3.8% last year, a moderation from […]
Ambassador at large of the King of Morocco, Mrs Assia Bensalah Alaoui, has been elected co-chairwoman of the Office of Economic Cooperation for Mediterranean and Middle East (French acronym OCEMO) for a three year term. The election took place during OCEMO’s General Assembly held on July 3, 2014 in Marseille. The General Assembly, attended by […]
