Ecuador’s Foreign Minister Gabriela Sommerfeld reiterated, on Monday, her country’s decision to suspend its recognition of the self-proclaimed “sadr” and emphasized the importance of the Autonomy Initiative for the Sahara region, proposed by Morocco in 2007. During a virtual meeting with her Moroccan peer Nasser Bourita, Sommerfeld took the opportunity to reaffirm Ecuador’s decision, taken […]
Egyptian officials have renewed their efforts to draw back investors, especially in the energy sector, at an investment conference by paying the debts owed to foreign oil companies. Prime Minister Hazem el-Beblawi said that $1,5billion of the $6billion debt has been approved. The Egyptian economy is suffering from the political crisis which has driven away […]
The UN Department of Economics and Social Affairs predicts an improvement of overall African growth in 2025 to 3.7% from 3.4$, despite global stagnation. “Economic growth in Africa is projected to strengthen… driven by recovery in the region’s largest economies,” the report says. However, “Central Africa lags behind due to stagnating oil production and political […]
