Algeria- demonstrations

S&P Affirms Morocco’s Rating At BBB-/A-3 with Stable Outlook

Standard and Poor’s agency has affirmed Morocco’s long- and short-term sovereign credit ratings at ‘BBB-/A-3’ with stable outlook despite uncertainties over the Middle East war and its impact on commodity prices, supply chains, economies, and credit conditions. Morocco has solid buffers that will help it navigate current headwinds, including potential adverse economic impacts and related […]

Libya: Presidency Council Member Resigns over Failure

UN-backed Libyan unity government received a major blow Monday as Musa al-Koni, a deputy Prime Minister of the Presidency Council (PC) left the boat citing the council’s inability to address pressing needs of Libyans. “I announce my resignation due the failure of the Presidency Council, because it holds responsibility for the killing, kidnapping, and rape […]

AfDB warns of 25 African countries facing debt risks, as IMF approves loans to Zambia, Senegal

The rise in cost of debt servicing has led to 25 countries in Africa being at risk of either high debt distress or in-debt distress, African Development Bank (AfDB) Group president has warned, just as the International Monetary Fund (IMF) has approved billion-dollar loans to Zambia and Senegal. AfDB chief, Akinwumi Adesina, said African markets […]