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Fitch Ratings downgrades Tunisia to ‘CCC’
Fitch Ratings has downgraded Tunisia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC’ from ‘B-‘, reported Tunisian News Agency TAP. The agency said that the downgrade to ‘CCC’ reflects heightened fiscal and external liquidity risks in the context of further delays in agreeing on a new program with the IMF after the political changes of […]
Only 430,000 tourists visited Morocco in first quarter
Morocco’s tourism sector still reels under the impact of the pandemic with a drop in arrivals to 430,000 tourists in the first quarter of 2021, down 78% from last year, and plummeting revenue to 5.3 billion dirhams, Morocco’s tourism minister Nadia Fettah Alaoui said. The impact of the global health crisis on tourism in Morocco […]
Kenyan court halts controversial Adani Group airport lease deal
Kenya’s High Court has temporarily blocked a proposed 30-year lease deal that would have given India’s Adani Group control over the country’s main airport. The Law Society of Kenya and the Kenya Human Rights Commission jointly filed an application arguing that the country could independently fund the $1.85 billion airport upgrade. The petitioners claim the […]



