Morocco’s economic growth is expected to reach 2.5 pc in 2023 before rebounding to 3.3 pc in 2024, according to the World Bank’s latest Global Economic Prospects report. The persistent drought and high inflation are weakening growth in Morocco, with unemployment rising to above its pandemic peak in March 2023, said the WB. However, growth […]
The International Monetary Fund (IMF) and the African Development Bank (ADB) have approved this week release of billions in form of loans to Egypt in order to support its weak budget suffering from lack of foreign assistance and a huge domestic debt, reports say. The IFM according to reports has approved the first $1 billion […]
Guinean authorities have acknowledged that intercommunal violence following the disputed referendum in Nzérékoré on March 22 has resulted in the death of 30 people. Basically, the authorities accuse the opposition of being behind the violence that led to the arrest of 57 people, including 44 who were placed under a committal order in Kankan. Two […]
