Libya Oil

Africa’s debt crisis: interest payments on debt soar amid govt’s growing financial strain

As many African countries are struggling to service their debts, a new World Bank report warns that interest payments on long-term debt in sub-Saharan Africa surged nearly seven-fold to $26 billion between 2010 and 2023. The sharp increase came as the region’s foreign borrowing doubled to $864 billion within the same period. Africa’s worsening debt […]

Algeria moves from backstage to explicit involvement in Sahara issue under Tebboune

For decades, Algeria has played a tacit role in perpetuating the Sahara regional conflict until the military regime recycled itself in the form of a new military-civilian duo that made the dispute a matter of life and death for the Algerian state. Algeria hosted the Polisario group, who at first had no separatist agenda, following […]

Botswana propelled to world’s top diamonds producer

Botswana has ascended to the rank of the top diamond producer globally, unseating sanctions-hit Russia. Most of Botswana’s diamond found in the Orapa diamond deposit is operated by De Beers, a leading diamond company. Following the G7 sanctions on Russia, De Beers moved its auctions to Botswana to streamline its business operations and facilitate the […]