Algeria protests

Tunisia: Parliament Speaker calls on EU to establish Marshall Plan for Tunisia

Tunisia’s Parliament Speaker Mohamed Ennaceur Monday called on EU to put in place a “Marshall Plan” to help secure his country’s struggling economy. Ennaceur was speaking at a parliament plenary session attended by EU parliament President Martin Schulz. For Ennaceur, the EU plan could be in the form of intensification of financial support to Tunisia’s […]

Ethiopia names new envoy to Morocco

Ethiopia has appointed head of the Commercial Bank of Ethiopia (CBE) as its new ambassador to Morocco. President Sahle-Work Zewde appointed Bacha Gina, CEO and President of the CBE, for the job earlier this month. Gina, led the CBE for 20 months and earned the financial institution the award of The Best Commercial Bank for […]

Morocco cuts budget deficit to 6% of GDP in 2021

Thanks to an economic recovery and better tax revenue, the Moroccan government reduced its fiscal deficit to 6% of GDP in 2021 from 7% a year earlier, the finance ministry said. The deficit stood at 70.9 billion dirhams, down from 82.3 billion dirhams in 2020, a year in which Morocco imposed a three-month long lockdown […]