Nasser Bourita President Abbas

AfDB warns of 25 African countries facing debt risks, as IMF approves loans to Zambia, Senegal

The rise in cost of debt servicing has led to 25 countries in Africa being at risk of either high debt distress or in-debt distress, African Development Bank (AfDB) Group president has warned, just as the International Monetary Fund (IMF) has approved billion-dollar loans to Zambia and Senegal. AfDB chief, Akinwumi Adesina, said African markets […]

Tunisia: Presidential hopeful Nabil Karoui’s candidacy still valid

Tunisia’s electoral body, ISIE, has announced on the basis of article 27 of the constitution that Nabil Karoui will still run for the presidential elections despite his arrest Friday for money laundering. Forces from the interior ministry nabbed the candidate of Qalb Tounes (Heart of Tunisia) at Beja, in Beja governorate. The media mogul has […]

Chariot raises $15 Million in funds for a new onshore gas drilling in Morocco

Chariot, a London-listed, Africa-focused energy company, announced on Tuesday it has raised $15 million (£11.7 million) for its onshore drilling operation in Morocco. The company said the funds were raised through the placement and subscription of 89.6 million shares at an issue price of 14 pence per share, according to a statement from Chariot posted […]