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Egypt Gets Massive Injections of Cash, but Outlook is Still ShakyF

By Arezki Daoud | LinkedIn | Egypt has many powerful allies, including those in the global financial sector. No one wants to see it collapse, so money is flowing in a-go-go. Despite a dismal economic performance, global rating agencies, which acknowledge that Egypt is...

Drought Disrupts Wheat Sector in Morocco, Uncertainty with French and Russian SuppliesF

Morocco’s wheat harvest this year is likely to fall below 2.5 million tons due to a debilitating and lasting drought that has affected much of the country. To put it into perspective, during the wet season, output can reach up to 10 million tons, according to Bloomberg. Industry analysts warn that grain production in Morocco this year will drop by 39% compared to the 2023’s harvest of 4.2 million tons.

How to MEGA or ‘Make Europe Great Again’F

In the second week of June 2024, far-right parties across the EU made significant gains in the European Parliament elections. In France, the National Rally led by Marine Le Pen secured nearly a third of the votes, forcing President Emmanuel Macron to dissolve the National Assembly and call for snap elections. Far-right gains affected most major European nations, such as Germany and Italy. In contrast, the Green parties suffered significant losses, which as seeing their influence in Germany and other countries wane.

Africa’s Defense Shifting from Western to Russian InfluenceF

There are some 600 US troops left in Niger, whose withdrawal is set to no later than September 2024. Meanwhile the French are expected to continue to withdraw more of their troops from Africa, and we could see the Russians move in.