NOVARES

Ecuador FM: Morocco, a reference country in Maghreb & Africa

Morocco is a reference country in the Maghreb region and in the African continent, said Ecuador’s foreign minister Mauricio Montalvo at a meeting held lately in Quito with Moroccan ambassador to Ecuador, Ms. Farida Loudaya.   During the meeting, the Ecuadorian top diplomat also stressed the importance of the geostrategic position of the North African […]

Mauritania’s bid to become Africa’s energy hub driven by gas discoveries, green hydrogen agenda

Mauritania may be on the verge of a major transformation from its largely agriculture-based economy to become Africa’s major energy hub thanks to gas gushing from the Greater Tortue Ahmeyim (GTA) development, a massive liquefied natural gas (LNG) field off its Atlantic coast. Mauritania and its south-western neighbor Senegal have recently achieved a historic milestone […]

Hit by Low oil prices, Nigeria opts for borrowing; Algeria chooses to starve its people

The end of the era of expensive oil has put strains on the budgets of Nigeria and Algeria pushing the first to seek foreign borrowing while the latter adamantly sticks to zero borrowing policy at the expense of starving its population. Nigeria, which has a more diversified economy compared to Algeria, is knocking on the […]