Morocco central bank cuts key interest rate as inflation drops

Morocco’s central bank cut its borrowing rate to 2.75% from 3% as inflation drops thanks to lowering food prices and easing external inflationary pressures, the bank said following its board meeting. “On the basis of all these considerations, the Board considered that the calibrated tightening of monetary policy, the regular monitoring of the transmission of […]

Côte d’Ivoire: Trial of suspects of 2016 attack starts next week

Eighteen people arrested in connection with the 2016 attack in Grand-Bassam that caused the death of 19 people will stand trial next week on charges of ‘acts of terrorism in association with a collective organization’, reports say. Three young assailants stormed Etoile du Sud hotel in the seaside resort, some 40 kilometers east of Côte […]

Algeria: illegal power connections cost over $92 mln in 2018

Algerian Electricity and Gas Regulatory Commission (CREG) has revealed that fraud on energy installations, unlawful connections to the power grid in particular, caused the loss of 11 billion Algerian dinars ($92,500,731) to the Electricity and Gas Distribution Company (SDC) in 2018. According to the commission’s figures, 2,430.5 MWh of electricity were trafficked over the past […]