Algeria Headlines

Algeria: Madame Maya convicted to 12 years in prison

Known as “Madame Maya”, the Algerian businesswoman, who passed herself off as the hidden daughter of former President Abdelaziz Bouteflika, was sentenced Wednesday to 12 years in prison.   An Algiers court also fined her six million dinars ($47,000) and ordered the confiscation of her properties, the official news agency APS said. It said Zoulikha […]

Headlines Morocco

COVID-19: Morocco closes temporarily 229 schools

To prevent the spread of coronavirus and keep students safe, Moroccan authorities have decided to shut down temporarily in-person learning in 229 schools as a precautionary measure in line with WHO safety health guidelines. According to education minister Said Amzazi, the decision was made after 1,708 students, 1,767 teachers, 289 school administrators and 187 staff […]

Headlines Maghreb Morocco

Polisario’s frauds & scams scandal exposed by UN Chief

The scams operated by the Algeria-backed Polisario group at the United Nations have been exposed by the UN Secretary-General Antonio Guterres in his latest report to the Security Council on the Sahara. In their elaborate schemes to deceive the international community after the series of diplomatic setbacks suffered by the separatists and their Algerian supporters, […]

Headlines Maghreb

Google to provide over $4m-support package to thousands of companies in MENA region

US tech giant Google has announced a $4.1 million financial support for thousands of companies in the Middle East and North African region to help them enhance their online presence, Reuters reports.   The company said $1.1 million of the assistance will be in the form of grant, to help businesses in the region improve […]

Africa Finance Headlines International

Africa-COVID-19: Worrying decline in remittances from the Diaspora

The United Nations Economic Commission for Africa is concerned about the alarming decline in remittances from African Diaspora. With the global economic crisis, these Diasporas are sending less money to their countries of origin. This year, the decline is expected to reach 21% or $18 billion less than in 2019. The anti-poverty organization ONE and […]

Business Finance Headlines Maghreb Morocco

Morocco to step up public investments in 2021 to help economy recover from COVID-19 impact

The Moroccan government plans an increase in public investments to 230 billion dirhams and an injection of 45 billion dirhams to help the economy recover from the coronavirus pandemic repercussions. The measure was laid down in a draft budget law approved at a ministerial council chaired by King Mohammed VI at the Royal Palace in […]

Asia Headlines International Morocco

Morocco’s King enquires about COVID-19 vaccine effort

King Mohammed VI chaired a ministerial meeting in Rabat Wednesday during which details were provided about the latest developments on an anti-COVID-19 vaccine currently developed by China. During the meeting, Health Minister Khaled Ait Taleb said that there is regular contact with the companies working on the vaccine as well as with the Chinese government, […]

Energy Headlines Morocco

Morocco-Sound Energy: Sidi Moktar Permits extended for 24 months

Moroccan Authorities have granted Sound Energy, the Moroccan focused upstream gas company, a 24-month extension to the initial period of the Sidi Moktar Permits, onshore Morocco. The gas company announced the two-year extension in a press release, explaining the move was dictated by disruptions caused by Covid-19. “Due to further disruption caused by the impact […]

Africa Headlines International Libya

Libya contemplates seizure of Zambia’s international assets over $380-million debt

Libya’s telecommunications investor LAP GreenN, controlled by the UN-backed Government of National Accord (GNA) is considering seizure of Zambia’s international asset in a bid to recoup $380 million that Southern African country owes it.   The debt, LAP GreenN notes, dates back to Zambia’s nationalization of Zamtel in 2012, a year after LAP GreenN bought […]

Business Headlines Morocco

Morocco’s farm exports grow to $4 bln in 2019-2020

Despite a difficult context marked by the COVID-19 pandemic and disruption of supply chains, Morocco’s farm exports rose 8% to 4 billion dollars, agriculture minister Aziz Akhannouch said. Compared to 2010, exports jumped 130% as Morocco implements sector-based strategies that aim at boosting the agricultural added value, promote exports and save irrigation water. Vegetables exports […]