Credit rating agency Standard & Poor’s Global Ratings has maintained Morocco’s sovereign credit rating at BB+/B with a “stable outlook”, attributed to the country’s ongoing structural reforms that will support robust economic growth. “The stable outlook on Morocco reflects our expectation that ongoing structural reforms will support robust economic growth and help counterbalance external and […]
Tunisia’s President fired Tuesday October 17 the country’s Minister of Economy Samir Saïed amid economic hardship that has gripped the North African country. Saied’s office said Finance Minister Sihem Nemsia will also double as caretaker of the ministry. Tunisia has been facing economic distress caused by the Covid-19 pandemic and the ongoing Russia-Ukraine. Many partners […]
East Africa could soon become Africa’s economic powerhouse if ongoing plans to expand the seven-member East African Community (EAC) are implemented successfully, as latest figures from the International Monetary Fund (IMF) indicate. The EAC’s gross domestic product is expected to hit $346.17 billion in 2023, according to the IMF’s latest forecast, which can be attributed […]
