Moroccan footballer Hamdallah

Moody’s Downgrades Tunisia’s Credit Rating to B2

Credit rating agency Moody’s downgraded Tunisia’s credit rating to B2 against the backdrop of deteriorating fiscal situation, complicating the government’s plans to borrow from international lenders. Moody’s cut Tunisia’s rating by one notch to B2– five levels below investment grade and on a par with Argentina, Nigeria, Cameroon and Kenya. Moody’s rating downgrade will complicate […]

Tunisian PM resigns after losing Ennahdha’s support

Tunisian Prime Minister Elyes Fakhfakh, on Wednesday, handed in his resignation to President Kais Saied, after a row with the Islamist-inspired Ennahdha party. “The decision has been made in the national interest and in order to avoid more conflicts between state institutions in the country and to uphold the principle of moralization of political life,” […]

Ghana seals debt restructuring deal, staves off default

Ghana had reached a deal with bondholders that will forgo nearly $5 billion in a sovereign debt restructuring deal that would help the country avoid default. The deal marks a key step in the country’s quest to restructure its $13 billion debt that left the country on the brink of financial collapse. Bondholders including Abrdn, […]