Angola: new Cabinda oil refinery secures funding led by Gemcorp, AFC, Afreximbank

Gemcorp Holdings Ltd. (GHL), Africa Finance Corporation (AFC) and African Export-Import Bank (Afreximbank) have announced the financial close of Cabinda Oil Refinery in Angola with a US$335-million project financing facility. The announcement comes as the project spearheaded by Gemcorp, a UK-based asset management company, to build a refinery in Angola has been well behind schedule, […]

AQMI appointed Algerian Abu Obeïda Youssef Al-Annabi in replacement of Abdelmalek Droukdel

According to several specialized sites, Al Qaeda in the Islamic Maghreb (AQMI) has appointed one of its militants to replace Abdelmalek Droukdel, killed last June during a French military operation in northern Mali, with American help. The new leader is called Abu Oubéïda Youssef. He is an influential member of AQMI.   The appointment of […]

Morocco-US military drills to kick off in March 2020

African Lion, the annual Moroccan-US military exercise, will take place in March 2020 with the participation of 2500 US soldiers, Moroccan media reported. The games, which also bring together soldiers from other countries, are meant to improve interoperability and mutual understanding of participating armies tactics, techniques and procedures. Besides Morocco and the US, soldiers from […]