Long ruling Bouteflika has stepped down after popular protests leaving behind him an embattled economy vulnerable to international oil prices. After years of unsustainable spending, Algeria’s foreign exchange reserve shrunk to cover only four years of imports making it difficult to sustain a generous subsidy system that has bought peace at the expense of financial […]
To keep the momentum in its African policy, Morocco has set up a department at the foreign affairs ministry fully dedicated to African Affairs. The recent government reshuffle approved by King Mohammed VI unveiled the name of Mohcine Jazouli, a businessman with strategic insight, as the official tasked with following up all projects pertaining to […]
Moroccan subsidiary of French diary company Centrale Danone has announced heavy losses estimated at 150 million Dirham for the first half of the year due to a continuing consumer boycott. The boycott was launched on April 20 and caused the company to suffer a steep deficit after posting 56 million Dirham profits the same period […]
