Tunisia : AfDB gives $75million for Tunisia’s gas network backbone

Tunisian state owned oil and gas exploration and production company, Entreprise Tunisienne d’Activités Pétrolières (ETAP), will be benefitting from a $75 million corporate loan from the African Development Bank. The loan was approved by the Bank’s board of directors last month. The fund will be directed to the funding of the Nawara project as part […]

Turkey seeks to strengthen foothold in Africa’s gold, oil markets

Turkey is following in the footsteps of China and Russia in seeking to strengthen its foothold in the continent focusing mainly on oil and gold. Next month, Turkey will send the research vessel Oruc Reis to explore offshore oil blocks in Somalia, where Ankara has its largest overseas military base and manages key infrastructure. Turkish […]

Italy Creates €200-million Fund to Tackle Illegal Migration from Africa

Italy Wednesday announced it was setting up a fund allocated for African countries to upgrade the fight against illegal migration. Speaking in Rome, Italian Foreign Minister Angelino Alfano indicated that the fund will be used to provide equipment and to train security forces of these countries to secure their external borders. “The strategic objective is […]