As Kenyans head to the polls on August 9, East Africa’s largest economy could be headed for tough times. With the country’s currency having depreciated sharply, Kenya’s Treasury will face difficulty paying back its huge dollar-denominated debt. Kenya is among developing countries facing an economic crisis, according to a recent report released by Moody’s Investors […]
The European Bank for Reconstruction and Development (EBRD) has trimmed its predictions for GDP growth in Morocco in 2017 from 4.8% to 4.2%. Growth is expected to accelerate in 2017 to 4.2 per cent, as agricultural output rebounds following strong rainfall, and non- agricultural growth remains subdued, said the EBRD in its Regional Economic Prospects […]
A planned terror attack backed by the Islamic state group, ISIS, in the city of Sfax, has been foiled, the Tunisian interior ministry said on Tuesday. Security forces arrested members of the cell who were preparing the alleged attack, the ministry said in a statement. The leader of the cell pledged allegiance to the terror […]
