Moroccan Finance Minister Mohamed Benchaaboun

Algeria: “A rotten regime saved, for now, by gas” – The Economist

The British magazine, The Ecomist, published recently a very critical story on the economic, political and social situation in Algeria that it described as dismal. “…Algeria’s economy and politics are both sclerotic, its leadership repressive yet feeble, its role in Africa and the Arab world self-regarding but unappreciated.” It is in these words that the […]

IMF: Algeria Still Undergoes Major Difficulties Due to Lower Oil Prices

Algeria continues to face important challenges posed by lower oil prices, says the International Monetary Fund Executive Board after concluding Article IV consultation with the North African country. Economic growth in the nonhydrocarbon sector slowed to 2.9 percent in 2016, partly under the effects of spending cuts. Inflation increased from 4.8 percent in 2015 to […]

Zambia reduces power generation from Kariba Dam

Zambia has reduced hydropower production at the Kariba Dam because of rapidly declining water levels at the world’s biggest man-made reservoir. The power station straddles the border with Zimbabwe and supply both countries with electricity. According to Reuters, the two countries have agreed to reduce electricity production on each side of the border, from about […]