us-state-dept

Libya Finds New Oil & Gas Fields

Libya has announced new oil and natural gas discovery in the Ghadames basin southwest of Tripoli, opening new prospects for the battered economy of the North African country. This new oil & gas find was made by the Libyan National Oil Corporation (NOC) and Algerian state-owned Sonatrach. The discovery consists of one oil field with […]

Egypt: Canada limits embassy services due to insecurity, British embassy closed

Canada has announced that its embassy will be limiting its services in the country due to security concerns. There are fears that many other western embassies could also take a similar step as insecurity continues to be a major concern especially with the rising insurgent attacks linked to the Islamists. The British embassy has already […]

Moroccan Attijariwafa Bank Expands Footprint in Africa with Acquisition of 55.22% of Société Générale Ghana

French Société Générale Group has agreed to sell its entire 60.22% stake in Société Générale Ghana, with Attijariwafa Bank taking 55.22% and the Social Security and National Insurance Trust (SSNIT) acquiring the remaining 5%, according to press reports. The deal, announced on October 1, is subject to regulatory approvals and other customary conditions. Once completed, […]