Plunged into a severe recession, accentuated by the health crisis and the sharp drop in oil prices, Algeria could be forced to resort to external ... debt. Anxious to preserve its sovereignty, Algiers has so far excluded all financing from the International Monetary Fund. But it may better to go early, while it still has room to negotiate terms.
South African retailer Pick n Pay may double the number of its Boxer stores to 600 within five years to target underserved low and middle-income ... shoppers, David North, head of strategy and corporate affairs, tells The Africa Report.
In Africa, the impact of COVID-19 is not only widespread, but it is also devastating and has the potential to have a deeper and longer-term impact ... on the growth trajectory of the continent, investment banker Yvonne Ike tells The Africa Report.
Empty highways, grounded airplanes, closed offices, deserted malls and shuttered hotels owing to COVID-19 containment measures, have led to an ... unprecedented drop in demand for oil, lowering its prices and causing turmoil in the oil market. But it's also opened the door to pushing ahead with low-carbon economy.
Just as Algeria and France are undertaking a joint effort to preserve the historical legacy of the Algerian War, a recently released book reveals ... details about the clandestine operations carried out by French intelligence services.