Morocco France trade

Former French ambassador to Algiers, Algerian Journalist call for radical break

Former French ambassador to Algeria Xavier Driencourt and Algerian journalist Daoud Imoulayen urged, in a tribune published in the Journal du Dimanche, France to implement a “radical break” in its relationship with Algeria in 2027, accusing Algiers of persistent hostility and Paris of maintaining an increasingly untenable posture of weakness. The authors sharply criticize the […]

Historic debt relief agreement marks new chapter in US-Somalia relations

Somalia has achieved a significant financial breakthrough with the United States agreeing to cancel more than $1.1 billion in outstanding loans, representing approximately one-quarter of the nation’s remaining debt burden. This historic agreement marks a crucial step in Somalia’s economic recovery from decades of financial isolation. The debt, largely accumulated during the military dictatorship that […]

Saudi Arabia pledges $41 bln investment in Africa over next decade

Saudi Arabia promised $41 billion worth of investments in Sub-Saharan Africa, Saudi finance minister Mohammed bin Abdullah Al-Jadaan said. The investments include a $1 billion development program for Africa, $5 billion for startups from the Saudi Development Fund over the next decade, and $10 billion in financing from the Saudi Export-Import Bank. Additionally, private sector […]