Sudan, Cabo Verde, Mozambique, Republic of the Congo, and Egypt have been listed as countries with the highest debt to GDP ratio in the African continent. This came in a report by Yahoo Finance which listed 30 countries with the highest debt to GDP ratio. The report noted that Emerging economies and low-income economies are […]
The economy of Guinea Bissau remains highly dependent on Cashew nuts, whose exports dropped significantly last year depriving the country of much needed revenue to diversify the economy and curb poverty, the World Bank said. “While cashew production reached 260 thousand tons, the highest production yield on record, only 170 thousand tons were exported by […]
Egypt has decided to send its ambassador back to Tunis after recalling him due to comments made by President Moncef Al Marzouqi. Cairo alleged that Presdient Moncef’s speech at this year’s United Nations General Assembly calling for the release of Mohammed Morsi from custody was interfered with their internal sovereign affairs. The announced return of […]
