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Morocco lifts cap on foreign debt due to coronavirus
The Moroccan government lifted the threshold on foreign debt as it braces for dwindling foreign exchange reserves due to the impact of coronavirus on the flow of hard currency to the country. The move aims at addressing the needs in terms of foreign exchange reserves as the coronavirus repercussions are expected to hit tourism revenues, […]
Egypt: Bankruptcy evident if situation continues
President Morsi’s outstanding powers has led to demonstrations in the streets demanding him to relinquish them and it has made it effects on Egypt’s benchmark stock index is as it fell by almost 10% in the first trading session since the presidential decrees. The ongoing political tensions in an already paralyzed economy spread swiftly through […]
Burkina Faso gives French troops one month to leave
Burkina Faso has ordered French troops stationed in the country to leave within one month amid ongoing anti-France sentiment at home. Local media, including National broadcaster RTB and state-run news agency Agence d’Information du Burkina, indicated that the Government made the decision Wednesday to end the presence of France’s military on Burkinabe soil. The government […]



