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Morocco’s ‘Sound Economic Fundamentals’ Led to Solid Macroeconomic Performance- IMF

The Executive Board of the International Monetary Fund (IMF) completed on August 1 the second review under the Precautionary and Liquidity Line (PLL) Arrangement and reaffirmed Morocco’s continued qualification for the PLL and its sound economic fundamentals. In a statement on its website, the IMF underscores Morocco’s eligibility to PLL and praises the country for […]

Nigeria: Shell faces allegations of ignoring oil clean-up corruption

A BBC investigation reveals troubling allegations that Shell overlooked repeated warnings about corruption and mismanagement in Nigeria’s billion-dollar Ogoniland oil clean-up project. The program, initiated eight years ago and funded by various oil firms including Shell’s $350 million contribution, faces accusations of widespread fraud and ineffectiveness. Internal documents suggest both Shell and Nigerian government officials […]

Libya: Forces Advancing towards IS Sirte headquarters

Libyan forces loyal to the UN backed Government of National Accord (GNA) made some significant progress on Wednesday in their battle to recapture the coastal city of Sirte from the militants of the Islamic State. According to Brigadier General Mohammed Ghasri, they are only five kilometers away from the city center and Zafrana square, which […]