Africa’s debt crisis: interest payments on debt soar amid govt’s growing financial strain

As many African countries are struggling to service their debts, a new World Bank report warns that interest payments on long-term debt in sub-Saharan Africa surged nearly seven-fold to $26 billion between 2010 and 2023. The sharp increase came as the region’s foreign borrowing doubled to $864 billion within the same period. Africa’s worsening debt […]

Egypt: Fighter jet crashes during drill

The Egyptian army announced Sunday that a fighter jet crashed during training on Sunday because of a technical error. Army spokesman Gharib Abdel Hafez said the pilot and mate survived the crash. The official did not provide more details on the type of aircraft. The Egyptian army lost several aircraft in similar incidents in the […]

Moroccan movie “The Blue Caftan” wins International Critics’ Prize in Cannes

The International Federation of Film Critics (Fipresci) on Saturday awarded the feature film ‘The Blue Caftan’ by Maryam Touzani the prize for the best film in “Un Certain Regard” selection, a few hours before this year’s Cannes Palme d’Or prize announcement. This is the first time that Morocco wins this international award in Cannes. Projected […]