salame-unsc-16nov

Africa- Soccer: Rabat & Casablanca Bidding to Host 2019/20 Interclub finals

Morocco is bidding to host the finals of CAF Champions League 2019/20 in Casablanca Mohammed V stadium and CAF Confederation Cup 2019/20 in Rabat’s Prince Moulay Abdellah stadium. The two bids were submitted lately by the Royal Moroccan Football Federation to the Confederation of African Football (CAF). Cameroon’s Japoma Stadium (Douala) and Tunisia’s Rades Olympic […]

Algeria proceeds to urgent spending cuts to delay bankruptcy

Time and money are running out for Algeria as it eats into its foreign reserves trying to avert the inevitable: bankruptcy. The country’s Prime Minister Abdelaziz Djerad has ordered an urgent spending cut to try to offset falling income from oil and gas.     An unexpected rise in spending in 2020 due to the […]

South Sudan seeks $13 billion-backed loan from UAE

South Sudan is nearing an agreement with a UAE company for an oil-backed loan worth $13 billion, the largest in Africa’s newest nation’s history. The news was reported by AP citing an unnamed UN source which said the deal is close to being signed. “Servicing this loan would likely tie up most of South Sudan’s […]