Business & Economy Bound

Economy: Morocco’s central bank ups interest rates to slowdown surge in inflationF

Morocco's central bank on Tuesday raised interest rates by 50 basis points to 2.0 percent in an effort to slow down a surge in inflation. The Bank Al-Magrib (BAM), after a board meeting, said the economy remains "deeply marked by the aftermath of the (coronavirus)...

Environment: Severe floods wreck havoc on West African agricultureF

By Aminu Abubakar Nigeria rice farmer Adamu Garba squelched barefoot through his paddy fields, surveying damage from devastating floods that have destroyed farmland across the north of the country. Parts of West and central Africa have been battered by floods ravaging...

Italian media question Algeria’s ability to supply promised natural gas, ENI on the defensive ($)F

The Italian media has reported this week about the alleged difficulties faced by the Algerian state-onwed oil company Sonatrach to honor new gas commitments to Italy. Using investigative media Algeria Part as a key source, Italian publications like La Repubblica, LaPresse.it and the Italian edition of the Huffington Post, newspapers reported alleged general state of panic in Sonatrach as “Algeria is struggling to honor its new gas commitments with Italy.” Sonatrach has inked a deal to deliver gad to Italian giant ENI.

Tunisia to raise public sector salaries in bid to ease social tensionF

Tunisia's government and the country's powerful UGTT union signed a deal boosting public sector salaries on Thursday,  three months after a strike that paralysed the country. The deal involves a five percent annual hike to public sector wages every year until 2025....

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