Economy & Finance Ministry

It’s Quasi Official: Bouteflika Candidate to his Own Succession in 2019

Algeria’s ailing President Abdul Aziz Bouteflika, in power since 1999, will be candidate to his own succession in 2019. The no-news was announced Sunday by the head of Bouteflika’s ruling National Liberation Front Djamel Ould Abbes. Outgoing President Bouteflika will be the party’s candidate at the presidential elections set for April 2019, the FLN Secretary […]

China’s economic malaise and how it will impact on African countries

With China’s Central Bank making Tuesday (15 August) its largest interest-rate cut since the pandemic and news that its economy has fallen into deflation, the implications of this economic instability in China could have repercussions for Africa, experts warn. China’s National Bureau of Statistics (NBS) said Tuesday (15 August) it would stop releasing youth unemployment […]

Libyan infighting disrupts oil production at largest field

Forces loyal to Haftar disrupted production at the country’s Sharara oil field, operated by a Spanish company, in a move described as “political extortion” by the UN-recognized government in Tripoli. Haftar’s forces tried to shut down the oil field in protest over a Spanish arrest warrant against Saddam Haftar, a key military figure in his […]