Bank of Algeria

EU imports of South African coal surge eight-fold, replacing Russian fossil fuels

South Africa’s coal sales to Europe rose eight-fold during the first six months of 2022 compared with last year as demand for the fossil fuel surged ahead of a ban on Russian coal, according to Thungela Resources, a South Africa-based thermal coal exporter. The European Union banned Russian coal imports in response to the invasion […]

Kenya’s Ruto visits Germany, Belgium to seek trade deals with EU

Kenyan President William Ruto, now on a visit to Germany and Belgium, has invited German companies to invest in Kenya’s micro, small, and medium-sized enterprises. Ruto’s visit to Germany and Belgium is aimed at strengthening social and economic ties between Kenya and the European Union. During a meeting with German business leaders and investors, he […]

Burkina Faso: Junta vows to stick to proposed timeline for transition

Paul-Henri Sandaogo Damiba leader of the junta ruling Burkina Faso pledged Monday to stick to the 24-month transition roadmap agreed upon with ECOWAS. Damiba made the pledge as he met with Ivorian President Alassane Ouattara in Abidjan. Damiba who heads the Patriotic Movement for Safeguard and Restoration now rules the West African country after toppling […]