Moroccan cabinet austerity measures

Mauritania quits stalled gas pipeline project with Algeria

Mauritania has announced its withdrawal from the gas pipeline project with Algeria after almost two years and a half of inaction of Algerian authorities to implement this project, according to press reports. Since the visit paid by Algerian energy minister Mohamed Arkab to Mauritania in June 2022, nothing moved forward. The minister had presented a […]

Ethiopian parliament ratifies state of emergency in Amhara region amid escalating violence

In its extraordinary session, the Ethiopian House of People’s Representatives (HoPR) on Monday (14 August) voted in favor of a six-month state of emergency rule in the northern Amhara region amid increasing violence between the federal forces and local militiamen. The lower house of the Ethiopian parliament examined and ratified the rule following the country’s […]

Egypt: Economy shows signs of revival, two new ministries underway

The Egyptian government has received a big boost after it sold $1.5 billion of 10-year bonds at a yield of 6% with lead managers claiming that $4.5 billion of investor orders were attracted by the bond issuance. The success of this first international bond issuance under Sisi’s government shows signs of a return to normality […]