algeria-Polisario

North Africa Will No Longer Benefit from Europe Preferential Trade System in 2014

The EU has issued lately its revised import preference scheme – known as the Generalized Scheme of Preferences (GSP) – for developing countries most in need which will take effect from 1 January 2014. The new list of beneficiaries from GSP does not include North African countries: Algeria, Egypt, Jordan, Lebanon, Morocco & Tunisia. With […]

Algeria’s energy revenues to plunge by $10 bln deepening financial crisis

Algeria’s oil and gas revenues will be reduced by $10 bln to $23 billion as the country struggles with a surge in spending in a heavily subsidized economy. Algerian officials rang the alarm bell as to the deteriorating financial indicators as a result of dwindling energy revenues which represent more than 90% of exports. To […]

Ghana: US, Russia, France, China, Korea join race to build country’s first nuclear plant

Ghana will decide by December which company will build its first nuclear power plant, choosing from contenders including French, US, Chinese, Russian and South Korean energy firms. Faced with power shortages, growing calls for environmentally friendly energy solutions and the vulnerability of hydropower to drought, Ghana has been one of the few African countries exploring […]