bouteflika-geneve

Morocco’s Central Bank maintains accommodative policy to promote growth

Morocco’s central bank kept its key interest rate unchanged at an all-time low of 1.5%, in a sign that it is more concerned about promoting growth, than curbing a high inflation caused by exogenous factors. The Bank said inflation would soar to 5% in 2022 and drop to 2% next year. Central Bank governor had […]

Russia sends military trainers, arms to Niger

Russia has sent a group of military trainers and air defense systems to Niger, few days after Niamey ended military cooperation with the US. Niger has aligned itself with Moscow since a coup, that followed the example of neighboring Mali and Burkina Faso. The three coup-hit Sahel states have expelled French troops and bolstered ties […]

Libya boosts electricity capacity

A deal worth €250 million has concluded between Alstom SA and General Electricity Company of Libya (GECOL) to boost Libya’s energy and power supply capacity. The French based company which focuses on the manufacturing of power equipment and trains will be supplying the Libyan general electricity company with equipments for 11 gas turbines. These new […]