Mauritanian delegation in Rabat

Fixing Africa’s triple set of dilemmas: high debt, large govt spending, collapsing currencies

Governments of highly indebted African countries need to take a number of steps to alleviate the stark trade-offs between servicing expensive debt, supporting high and growing development needs, and stabilizing domestic currencies. While South Africa’s elevated public debt at 74% of GDP has almost doubled over the last decade, Kenya’s debt interest payment as a […]

EBRD expects Morocco’s growth to slow to 1.1 % in 2022 & rebound to 3.3 % in 2023

The European Bank for Reconstruction and Development (EBRD) expects Moroccan economic growth to decelerate to 1.1 per cent in 2022, before rebounding the following year thanks to the anticipated agricultural performance and return of other sectors to pre-pandemic levels. In its Regional Economic Prospects report released this Wednesday, the Bank says economic recovery in Morocco […]

Libyan Parliament speaker accuses PC Head of connivance with protest attack on Parliament house

Parliament Speaker Aqila Saleh has accused Muhamed Menfi, the Presidential Council’s Head, of having a role in the attack on the Parliament’s HQ in Tobruk last Friday, Libya Observer reports. A nationwide protest swept through Libya last week from Friday calling for elections and replacement of current institutions and figures. The demonstrators stormed the headquarters […]