ENI To Invest $ 8 Billion In Libya

Italian energy company ENI has unveiled a $ 8 billion investment plan in Libya to be carried out over the next decade to upgrade current production and launch new exploration activities in the oil-rich country. This huge investment will enable the Italian energy company to expand its business and enhance its presence as the major […]

Uncertainty over AGOA casts shadow on African trade as U.S. tariffs weigh on markets

Talks over the future of the African Growth and Opportunity Act (AGOA) are set to begin by July, but African nations face growing uncertainty as U.S. tariffs threaten to undermine the landmark trade pact. AGOA, which since 2000 has granted duty-free access to the United States for eligible sub-Saharan African exports, is scheduled to expire […]

Libya: Dinar collapses highlighting ailing economy

The Libyan Dinar has plummeted further over the week-end against foreign currencies on the black market now appearing as the only available FOREX market for most Libyans desiring to buy foreign currency owing to lack of central regulatory body. The Libyan Dinar in Tripoli is trading much lower as the one Libyan Dinar is trading […]