Senegal, Chad support Morocco’s intervention in Guerguarat

Senegal and Chad have joined this Thursday their voices to the chorus of African countries which have expressed support for Morocco regarding its military intervention in Guerguarat that cleared the crossing point and restored the flow of passengers and goods between Morocco, Mauritania and the rest of Africa   Senegalese President Macky Sall praised in […]

EU to redirect €450 mln to support Morocco’s response to Covid-19

The EU will redirect €450 million promised to Morocco this year to help the country better respond to the coronavirus outbreak.   The amount includes €150 million that will be injected directly in the special fund created by Morocco to fund health system acquisitions and offset the social and economic repercussion of the pandemic, according […]

Algeria’s economy in the red after oil price drop

Algeria will have to further tighten the belt as barrel prices drop to below $60, boding ill for its export, fiscal deficit, and social peace. Algeria has based its 2025 budget on a barrel price of $70, with over 90% of the country’s economy dependent on oil, gas and byproduct exports. International risk consultancies are […]