Algeria: Foreign Exchange Reserves to Fall to $116bln by End of 2016

The fall in oil prices has taken a toll on Algeria’s foreign exchange reserves, which are expected to decline to $116 billion, Algria’s Prime Minister Abdelmalek Sellal said. At a context of a long-term slump in oil prices, the Algerian government is planning further cuts to curb spending over the next few years after the […]

DRC: 4 Congolese soccer players flee in canoe to sign contracts in Morocco

Four players of the Congolese local soccer club, Association sportive Vita, V.Club, have crossed into neighboring Congo Brazza in a canoe and headed to Morocco where they hope to sign professional contracts, the Congolese club has said.   V.Club, in a statement on social media, said the players identified as Padou Bompunga Botuli, Nelson Munganga […]

Canada sets eyes on Gabon’s mining potential

Canada is keen to boost ties with Gabon in many areas and mainly in the mining sector for a win-win partnership, the North American country’s High Commissioner in central African country (Lorraine Anderson) has revealed on Thursday July 27. “For Canada, Gabon is a land of opportunity, and we know we can work together in […]