king Mohammed VI of morocco

Morocco: AfDB supports declining unemployment rate

The African Development Bank (AfDB) agreed Tuesday to back Morocco’s efforts to reduce unemployment with a $96.6-million loan that will support access to jobs and improvement of populations’ living conditions. Morocco’s minister of economy, Mohamed Benchaaboun, said at the signing of the agreement, the loan is earmarked to improving living conditions through an inclusive job […]

Sudan: Bashir faces decade in jail for receiving $25mln from Saudi Crown Prince

Sudan’s ousted leader Omar Bashir is facing at least 10 years in prison after a court in Khartoum convicted him of corruption when he admitted receiving $25 million from Saudi Crown Prince Mohamed bin Salman, MbS. The former leader accused of corruption appeared in court on Saturday on the third session of his trial. Standing […]

Algeria’s energy revenues to plunge by $10 bln deepening financial crisis

Algeria’s oil and gas revenues will be reduced by $10 bln to $23 billion as the country struggles with a surge in spending in a heavily subsidized economy. Algerian officials rang the alarm bell as to the deteriorating financial indicators as a result of dwindling energy revenues which represent more than 90% of exports. To […]