Africa-corona

US pledges to step up Africa investment as Chinese lending slides to 13-year low

Recent visits to Africa by US Treasury Secretary Janet Yellen and US Ambassador to the United Nations Linda Thomas-Greenfield came as a new study by Boston University found China’s overseas investments in the Covid-19 era have slid to a 13-year low. Analysts say Washington is trying to compete with China for influence in Africa, with […]

Morocco’s Tanger Med Port Records World Biggest Increase in Connectivity Index- UNCTAD

Morocco’s Tanger Med port has recorded the world’s biggest increase in the connectivity index since it started operations in 2007, according to the United Nations Conference on Trade and Development (UNCTAD). In a recently released study, UNCTAD says that the extension of Tanger Med port, which required an investment of €3.5 billion, has tripled the […]

Algeria already failing to honor gas supply deals with Spain

Algeria has reduced by 25% gas supplies to Spain, after the latter changed its stance to support Morocco’s Sahara autonomy plan, Spanish media said. The gas transiting through the Medgaz pipeline was down by a quarter since Spain edged closer to Morocco, confirming once more forecasts by analysts who had warned Spain of Algeria’s unreliability […]