repression in Algeria

Morocco government seeks parliament approval for additional budget funding

The Moroccan government needs to increase its 2024 budget by 14 billion dirhams ($1.4 billion) to meet expenditures linked to subsidizing electricity prices and wage hikes, minister delegate in charge of the budget Fouzi Lekjaa said. In a presentation at the finance committee in parliament, Lekjaa recalled that the government has approved a decree to […]

Moroccan PM rules out normalization of ties with Israel

Returning to diplomatic normalcy in relations with Israel is not on the agenda of the Moroccan government, that is what can be deduced from the remarks of Saad Dine El Otmani, head of the Moroccan government. Speaking in the name of the state at a meeting of the youth section of his party, Saad Dine […]

Currency depreciation triggers millionaires’ flights from Africa

Nearly 20,000 millionaires fled Africa in the past decade due to currency depreciations that eroded their wealth, according to Henley and Partners, a global citizenship and residence consultancy. The number of individuals with a wealth of $1 million in Africa dropped 8% to 135,200, while the number of billionaires was limited to 21 with a […]