In a shocking turn of events, Guinea-Bissau’s President Umaro Cissoko Embalo has announced he won’t be running for a second term. The 51-year-old leader dropped this bombshell after a cabinet meeting, catching everyone off guard. Embalo, who’s been in office since 2020, cited an unusual reason for bowing out – his wife talked him out […]
Tunisia is facing an acute economic and financial crisis with major macro-economic indicators on the red. The country was hailed for its success to oust authoritarianism and establish a democratically elected government following 2011 events, but economically the country is suffering. Growth was limited to 2.5% in 2018, less than the forecasted 3.1% despite the […]
The International Monetary Fund (IMF) approved this week new emergency aid for 28 of the world’s poorest countries, 22 of which being Africa, to help them alleviate their debt and better cope with the impact of the coronavirus pandemic. This second six-month tranche of debt service relief for 28 member countries under the Catastrophe […]
