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AfDB loans Morocco €350 mln, promises €650 mln for World Cup infrastructure financing

The African Development Bank signed a loan agreement worth 350 million euros in support of Moroco’s economic governance, climate resilience, water management, and industry as it also plans to extend a financing of 650 million euros to help Morocco develop transport infrastructure. As part of the first loan, signed during the Africa Investment Forum (AIF) […]

Sudan’s Army Chief rejects peace plans without RSF disbandment

Sudanese Army Chief Abdel Fattah Al-Burhan has dismissed, on December 1st, any peace initiative that does not mandate the dismantling of the Rapid Support Forces (RSF), insisting that “the elimination of the militia” remains the sole viable path to ending the conflict. Speaking in Port Sudan on Monday, Al-Burhan vowed retribution against what he labelled […]

Algeria Resorts to Time-buying Measures to Stave off Bankruptcy

As it heads straight to insolvency, Algeria insists on shunning foreign debt as it resorts to unconventional measures involving the Central Bank money printing to delay an impending bankruptcy in the absence of genuine reforms. After Algerian Prime Minister Ahmed Ouyahia announced a five-year plan to reduce his country’s ballooning budget deficit by borrowing directly […]