PACE

Morocco to Inject $40 Billion in Energy Sector by 2030

Morocco will have invested $40 billion by 2030 in projects aiming to develop the energy sector as it ambitions to derive 50% of its energy needs from renewable sources by the same year. “The Kingdom has succeeded, through an ambitious strategy, to turn its challenges into genuine investment opportunities, through its commitment to projects aimed […]

Increased connectivity in Africa to facilitate job creation, poverty reduction — World Bank report

Only 22% of the population in sub-Saharan Africa had access to mobile internet services at the end of 2021, says a recent report by the World Bank, arguing that lack of mobile internet access is hampering job creation and poverty reduction in the region. Despite the increased connectivity of the world, there are still significant […]

Algeria’s budget revenues plunge, raising alarms over fiscal sustainability

Algeria’s public finances are under mounting pressure after a dramatic drop in budget revenues in 2024, driven by falling hydrocarbon income and sluggish non-oil tax collection, according to the Bank of Algeria’s. Total budget revenues fell by 22.66% year-on-year, with hydrocarbon revenues plunging by 31.13% and non-hydrocarbon revenues declining by 13.50%, the Bank said in […]