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Floods kill five in northern Algeria

Heavy snowfall in northeastern Algeria propelled floods that took the life of five people and blocked several roads. “All the victims have been retrieved over the last 48 hours after being swept away by waters in Annaba, El Tarf, Tizi Ouzou and Tipaza,” the civil protection body said. About 100 people have been rescued as […]

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 […]

Mauritania cancels Chinese patrol boats deal amid U.S. sanctions pressure

The Mauritanian Government cancelled a contract with a subsidiary of the Chinese state-owned conglomerate Poly Group for the sale of patrol boats, following mounting pressure from the United States, according to a report by Africa Intelligence. The subsidiary, Poly Technologies, has been sanctioned by the U.S. Treasury Department for its alleged support of Russia’s war […]