BCIJ

Sub-Saharan Africa hit hard by funding squeeze, IMF warns

Sub-Saharan Africa is facing a severe financing squeeze that, on the back of a series of unprecedented shocks, has driven up borrowing costs, weakened regional currencies and cut countries’ access to international capital markets, the International Monetary Fund (IMF) has warned. This “big funding squeeze”, which is the most serious issue facing sub-Saharan Africa, is […]

Côte d’Ivoire warns of more expensive cocoa after US tariffs

Chocolate prices are set to surge further as Côte d’Ivoire warns prices of key ingredient cocoa are set to skyrocket following Trump’s tariffs. The US proposed 21% tariffs on Côte d’Ivoire imports, the highest among West African nations. However, Washington said the new tariff would enter into force after 90 days. “When you tax our […]

Three firefighters die while battling blazes in northern Morocco

Three Moroccan firefighters died in a car accident while on duty countering wildfires in the “Kodiat Tifour” forest, near the city of M’diq, in the country’s north. Their vehicle plunged into a ravine while they were fighting the fire. Two of their colleagues were injured. In a related development, the judicial police brigade of the […]