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Abdelilah Benkirane back to the leadership of Moroccan PJD

Abdelilah Benkirane, a former head of the Moroccan Government and former leader of the Islamist Justice and Development Party (PJD), is back to the leadership of the party. Benkirane was elected Secretary General of the PJD, during an extraordinary congress of the party held Saturday, in the presence of members of the National Council and […]

Afreximbank’s PAPSS continental payment system joined by 11 African central banks

The Africa Export-Import Bank, or Afreximbank, has incorporated 11 African central banks into its flagship Pan-African Payment and Settlement System (PAPSS) that offers an alternative in which participants can conduct transactions in their currencies, eliminating the necessity for a third-party currency such as the US dollar. The PAPSS is one of the Afreximbank’s efforts aimed […]

Nigeria-Morocco Gas Pipeline: OPEC Fund to contribute $14.3 million to phase II of feasibility study

The OPEC Fund for International Development (OFID) will contribute $14.3 to the funding of the second phase of the Front-End Engineering Study (FEED) of the Nigeria-Morocco Gas Pipeline project. The legal documentation relating to the $14.3 million financing granted by the OPEC Fund to the National Office of Hydrocarbons and Mines (ONHYM) was signed Friday […]