Republican Congressman paul-gosar

Resilience through tough times: East Africa’s economic recovery hindered by debt and deficits

The economies of East Africa face rather bleak prospects for growth this year because of the increasing risk of debt distress, widening fiscal and current deficits and limited economic diversification plans, according to the latest forecast by the African Development Bank (AfDB). The AfDB forecasts the region’s GDP at 4% this year, before recovering to […]

Morocco’s efforts curbed illegal migrants’ arrivals to Spain 70%

Morocco has managed to curb illegal migration flows to Spain by 70% despite the crackdown elsewhere in the Mediterranean that pushed many migrants to consider the Western Mediterranean route. Only 7885 migrants made it illegally to Spanish coasts this month, that is 70% less compared to same month last year, The UN migration agency IOM […]

New debt tracker signals shift toward Africa’s financial sovereignty

In a landmark move to address Africa’s mounting debt crisis, finance ministers across the continent have adopted the African Debt Monitoring Mechanism (ADMM) — a real-time, continent-wide system designed to track both domestic and external debt. Approved during the 8th Ordinary Session of the African Union’s finance-focused committee in South Africa, the ADMM is hailed […]