Kenya to set new deadline for oil export

Kenya’s goal of becoming an oil exporting country by 2022 may not be realized, London-based oil explorer, Tullow Oil said. According to the oil giant, delays from the government in making critical decisions have potentially stalled output. Tullow, which has already spent more than $1 billion in exploration activities over the past six years, last […]

Libya: Saif al-Islam Gaddafi unveils initiative to solve political crisis

Saif al-Islam Gaddafi’s lawyer announced on Tuesday that his client had proposed an initiative to solve the political crisis in Libya, calling on all political figures to withdraw from the arena and to hold presidential and parliamentary elections that would produce new faces chosen by the Libyan people Al-Zaydi, in an interview with Al-Arabiya channel, […]

IMF Chief Welcomes Morocco’s Budgetary & Sectoral Reforms

IMF Managing Director, Christine Lagarde, commended Morocco for the “genuine” budgetary and sectoral reforms it has undertaken to balance its finances. The IMF head told the press on the sidelines of the annual meetings of the IMF and the World Bank that Morocco has used its credit line to carry out fiscal and structural reforms. […]