Morocco’s government is spending at least 1.6 billion dirhams ($160 million) a month on measures to cushion households and businesses from higher energy and transport costs, Budget Minister Fouzi Lekjaa said. The support package focuses on subsidies for butane gas, electricity price freezes and financial aid for professional transport operators, Lekjaa told reporters. State support […]
The Tigray People’s Liberation Front (TPLF), which represents the Tigrayan population and which has always campaigned against successive central powers in Ethiopia, claimed that following the recent popular uprising, hundreds of civilians have been killed or injured by the Ethiopian Federal Army. Meanwhile, as the conflict is shaking the Horn of Africa and alarming the […]
Sunu Finance group has pulled out as main shareholder from Cote Ivoire’s trade and industry bank BICICI now controlled by a State-run consortium, “Sika Finance” reports. The holding has sold its 19.11 shares for $35.6 million to Abidjan-based Brandon & MCain Capital, an investment firm founded by Ahmed Cisse, the President of Côte d’Ivoire’s employers’ […]
