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Africa’s digital development needs boost from AfCFTA, import duties cuts — World Bank

African countries face higher tariffs and tend to import relatively low-quality digital goods compared to other regions, especially in low-income nations, a recent research by World Bank economists has found. Despite relying heavily on imports, tariffs that African countries impose on imported digital goods are about three times higher than other regions, the research has […]

Military Plane Crashes South of Algiers Killing 257 people including 26 Polisario members

An Algerian military aircraft crashed Wednesday killing 257 soldiers, including 26 Polisario members, Algerian officials said. The Russian Ilyushin model military plane was bound for Tindouf, the rear-base offered by the Algerian regime to the Polisario separatists, and planned a stop over in Bechar, Algerian media outlets said. The incident happened shortly after the aircraft […]

Morocco’s central bank increases three-fold banks refinancing capacity

The Central bank said it will intervene to ensure there is enough cash for banks through increasing three-fold their refinancing capacity in dirham and hard currency. The move comes as a lifeline for Moroccan banks to offset the financial repercussions of coronavirus and help them offer loans for enterprises and households, the central bank said […]