South Sudan’s Minister of Petroleum and Mining Stephen Dhieu Dau said Thursday his country hopes to resume oil production in the Upper Nile’s oilfields in four to six months. S.Sudan, accusing Khartoum of stealing its crude oil, had unilaterally decided last January to stop oil production in its oilfields. Khartoum had confiscated $815 million of [...]
The Central Bank’s Key interest rate has been lifted in Tunisia as the country struggles to fight against the rising inflation. The new rate has been raised by 25 basis points and now stands at 3.75%. The country is trying to stabilize its economy after being heavily affected by the uprising. The decision was taken [...]
Piracy acts off the Horn of Africa have fallen sharply to 46 pirate attacks in 2012, compared with 222 acts in 2011 and 239 in 2010. The figures were disclosed by the United States Navy which attributed the de crease to aggressive patrolling conducted by international navy forces from more than a dozen countries and [...]
Reports of a foiled arms transaction are emerging between Ansar al-Din, a Touareg Islamist group in Mali, and a Mauritanian businessman by the Mauritanian forces stationed at Bassiknou. It is claimed that the businessman was to provide financial resources for the group to carry out its activities as it continues to control some of Mali’s [...]
Three members of the newly elected national assembly members in the country’s first democratic elections have been suspended from their official duties announced the spokesman for the assembly’s High Organization for Transparency and Nationalism, Omar al-Hassabi. Their suspension was due to the roles they are supposed to have played in the past regime and the [...]
Nigeria has lost more than $400 billion of its oil revenue because of theft or mismanagement since the country’s independence in 1960. The figure was disclosed by former Nigerian Minister of Education, Dr. Oby Ezekwesili, during a conference of the Nigerian Bar association. Dr. Oby Ezekwesili, also a former World Bank Vice President for Africa, [...]
The significance of the Algerian market has pushed the Novo Nordisk Region International Operation to choose the country among several others as a place to develop the fabrication of insulin officials of the company said. According to the Senior Vice president of Novo Nordisk Region International Operation, Jesper Hoiland, their decision to choose Algeria will [...]
The Sudanese Petroleum Company is hoping to secure supply for gasoil for the month of October in the spot market according to industry sources due to the rigid demand the country is experiencing. The company is therefore hoping to acquire the services of two gasoil cargoes before the due month in order to provide almost [...]
The new European mission meant to support the fight against organized crime and terrorism in the Sahel region, dubbed “EUCAP SAHEL Niger” kicked off earlier this month with the arrival in Niger of about 50 experts. The aim of “EUCAP SAHEL Niger”, initially due to last for two years, is to improve the capacities of [...]
The rating agency Standard & Poor’s has removed Egypt from its watch list and affirmed long and short-term foreign and local currency sovereign ratings on it, although with negative outlook. “We are therefore affirming our ‘B/B’ long- and short-term sovereign credit ratings on Egypt. At the same time, we are removing the long-term ratings from [...]
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