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EBRD Provides $20 Mln Trade Finance Line to Bank of Africa-Benin
The European Bank for Reconstruction and Development has provided Bank of Africa-Benin (BOA-BENIN) $20 million trade finance line to boost import-export operations and support the development of Benin’s private sector. The facility will enable the EBRD to issue guarantees to international banks and provide short-term financing to support imports, exports and the local distribution of […]
Tripoli government suspends oil minister
The Libyan government based in Tripoli suspended oil minister Mohamed Oun, as investigations are ongoing into his involvement in alleged corruption, a Libyan watchdog known as Administrative Control Authority (ACA) said. Oun said he will contest the decision, adding that he has not received a notice yet. Libyan media cited an ACA statement which confirms […]
Central African countries to launch regional oil & gas pipeline network to reduce dependence on imports of refined products
Central African countries inked a deal Thursday to build a regional oil and gas pipeline network and hub infrastructures which backers say will strengthen energy supply and reduce dependence on imports of refined products, Reuters reports. The signatories are Equatorial Guinea, Cameroon, Gabon, Chad, Angola, Democratic Republic of Congo and Congo Republic, all oil producers […]



