Oil and Gas: African countries to raise $2 billion for energy projects

Nigerian Minister of State for Petroleum Resources Ibe Kachikwu on Monday disclosed that Nigeria will mobilize other oil and gas producers in Africa on the platform of the African Petroleum Producers Organization to raise up to $2 billion to finance energy projects across the continent. According to Kachikwu, member countries of APPO were already looking […]

IMF Expects Mauritania Economy to Grow 4.2 % in 2016

The International Monetary Fund (IMF) expects Mauritania’s real GDP growth to reach 4.2 percent in 2016 thanks to a rebound in mining production. After concluding a recent review of the country’s economic situation, the IMF says economic activity in the non-extractive sector is expected to remain subdued, with growth slowing marginally to 2.9 pc in […]

Morocco, Fifth Largest Buyer of French Arms

Morocco was ranked fifth largest customer of French arms industry and the third in the Arab world after Egypt and the UAE, a report of the French defense ministry said. The report, covering the 2007-2016 period, said that Morocco was placed fifth in the list of France’ largest customers after China, Singapore, Egypt and the […]