As it continues its sealed border policy with neighbors, combined with import restrictions, Algeria deepens its isolation in a dynamic African continent, further undermining prospects of economic diversification away from oil and gas. In a two-speed Africa where countries post two-digit growth rate, Algeria lags behind due to the short-sightedness of its leaders who failed […]
The Minister of Foreign Affairs of Bahrain Sheikh Khalid Bin Ahmed Al-Khalifa has voiced his country’s full backing for a final solution to the Sahara issue under the Moroccan sovereignty. Addressing the UN General Assembly convening in New York, the top diplomat of the oil-rich Gulf country stressed “the need to support the negotiations aimed […]
Nearly 60% of African countries remain dependent on exports of commodities despite decades-long efforts to diversify. Therefore, a shift especially to technology and financial services, among other sectors, could help them withstand economic shocks, a study recently published by the United Nations Conference on Trade and Development (UNCTAD) argues. UNCTAD’s Economic Development in Africa Report […]
