Kobler

Morocco’s budget deficit drops to $6.4 bln in 2024

Morocco’s budget deficit shrunk to 64.4 billion dirhams ($6.4 bln) in 2024, from 74.9 billion dirhams, as a rise in government revenue continued to offset higher spending, the Moroccan treasury said. The deficit eased to 3.9% last year from 4.4% a year earlier, as the government increases its ordinary revenue and tax receipts, it said. […]

Africa: AfDB disburses $500 million for renewable energy

The African Development Bank (AfDB) has approved a loan of $500 million for Africa’s electrification through renewable energy. The Energy Inclusion Facility (EIF) will distribute the loan among major project promoters and off-grid suppliers across the continent. According to the pan-African financial institution, $100 million will go to off-grid providers to enable them expand their […]

Voices rise in support of Polisario ejection from AU

The membership of the Polisario separatist front in the African Union is anomaly that should be corrected by ejecting the Algerian client group from the continental organization, former Liberian foreign minister Gbehzohngar Milton Findley said. Findley, who was speaking at a seminar in Accra, joined his voice to that of numerous African leaders and states […]