French Credit Insurance Company Coface has downgraded Algeria ratings to C, the lowest grade, over serious concerns of social frustrations boiling in the oil-producing country wherein high risks of social turmoil are exacerbated by the volatility of oil prices. The Algerian growth “slowed in 2017 due to the state’s dwindling financial resources and public spending […]
Morocco was cited as a good example in the Global Electricity Review 2022, thanks to its investments in wind power which now accounts for 17% of the country’s energy mix. The report, published by energy think tank Ember, highlights Morocco’s continental leadership in clean energy which outperformed the global average of 12%. The share of […]
As the war in Ukraine winds down, African leaders are increasingly alarmed by reports that Russia may be sending ex-convicts disguised as mercenary forces to the continent. These individuals, initially recruited to fight on the Ukrainian front, are now feared to be relocated to Africa, raising concerns over escalating violence and instability. Reports suggest that […]
