Benghazi

AfDB Grants €70 million financing facility to Morocco’s Bank of Africa to promote African trade

The African Development Bank Group approved a €70-million financing facility for Bank of Africa Maroc (BOA) to promote access to financing African trade. The package comprises a €50 million Risk Participation Agreement (RPA) and a €20 million Trade Finance Line of Credit (TFLOC), the AfDB said in a press release. “The African Development Bank, rated […]

Libya: UN Chief Calls for Return of Oil Installations to GNA-backed NOC

The United Nations Chief Wednesday urged Libyan eastern authorities to surrender the country’s oil installations to Tripoli-based National Oil Corporation (NOC) operating under the wig of the UN-backed Government of National Accord (GNA). “The Secretary-General recalls, as stipulated in Security Council resolution 2259 (2015), the need for unity of Libyan institutions and the exclusive right […]

Morocco Affirms Legal Sovereignty on Southern Territorial Waters

The Moroccan parliament adopted two laws laying down the Kingdom’s legal authority over the territorial water off Sahara. The first law extends the Atlantic territorial waters from Tangier to Lagouira while the second provides for the demarcation of an exclusive economic area of 200 nautical miles off Morocco’s coats. The delimitation of Morocco’s territorial waters […]