ghardaia

Libya to remove oil and food subsidies

Oil minister Al Arusi has announced that they will be joining the campaign against the sensitive fuel market reforms and will also be scrubbing off oil subsidies, which take more than 10% of the budget, before the end of 2016. The decision to remove fuel subsidies on all types of fuel is blamed on smuggling […]

IMF projects Kenya to dethrone Ethiopia as East Africa’s largest economy in 2025

Kenya is set to become East Africa’s largest economy by 2025, overtaking Ethiopia, according to new projections from the International Monetary Fund (IMF). The IMF forecasts Kenya’s GDP will reach $132 billion, surpassing Ethiopia’s projected $117 billion. This shift is driven by divergent economic strategies. Ethiopia’s decision to devalue its currency, the birr, by over […]

Tunisia foils terror plot in Sfax

Tunisia announced Wednesday security forces managed to bust a “terror plot” targeting a security unit and a religious institution in Sfax governorate, south of the country. The statement issued by the National Guard and seen by Anadolu news agency notes that a terrorist who had served his prison sentence, is responsible for a terror plot […]