The Algerian army, currently undergoing a deep shakeup, has ordered 14 Russian Sukhoi Su-30 fighter jets, which will enhance the 44 Su-30MKs in service in the North African country. According to Russian press reports, the new fighter jets will be delivered to the Algerian air forces in 2016 and 2017. In 2006, Algeria, an OPEC […]
Angola and the neighboring Democratic Republic of the Congo (DRC) are reportedly inching towards a settlement of a 50-year dispute over one of their offshore oil blocks, which may also pave the way for the expansion of collaboration between the two countries in various sectors. If successful, the deal could help reduce tensions between the […]
The International Finance Corportation, a member of the World Bank Group, is injecting €15 million in a new private equity fund by AfricInvest, a leading private equity fund manager, to help expand access to finance for small and medium enterprises in North Africa. The investment is part of a larger effort to support economic growth […]
