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Soaring food prices hamper Ramadan celebrations around Africa

During the ongoing holy month of Ramadan, millions of Muslims around Africa are feeling the pinch of inflation, as food and energy prices have been soaring in the wake of the Russia- Ukraine war and also due to the lingering effects of the Covid-19 pandemic and climate change-related events on the global economy. African countries, […]

IMF sees World Cup infrastructure driving medium‑term growth in Morocco

Morocco’s preparations for hosting the 2030 FIFA World Cup are expected to involve a significant multi‑year infrastructure investment program amounting to about 12% of GDP between 2024 and 2030, according to the International Monetary Fund’s latest Article IV consultation report. The IMF estimates total spending at around 190 billion Moroccan dirhams ($20 billion), covering mostly projects in railways, […]

Tunisia: Protests erupt against President’s power grab

Two months after he sacked the prime minister, suspended the parliament and assumed all executive powers, Tunisia’s President Kais Said faced street anger as a protest hit Tunis on Sunday demanding his step-down. Last week, he published a decree giving him executive powers, in a move his opponent described as a return to authoritarian rule […]