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Algeria: Sonatrach reveals $90 billion investment, Shale gas production set for 2022

Chief Executive Officer of state-owned Sonatrach, Said Sahnoun, asserted that their five-year investment plan will go ahead despite plummeting oil prices. Addressing the ninth North Africa Oil & Gas Summit held in Algiers, he also said that the exploitation of shale oil for production is scheduled for 2022. Analysts believe that the global slumping of […]

As Trump backs 1-year AGOA extension, Africa braces for trade shake-up

The Trump administration has backed a one-year extension of the African Growth and Opportunity Act (AGOA) just as the two-decade-old trade agreement was set to expire on 30 September. While the move offers temporary relief, it has done little to dispel mounting fears over the future of U.S.-Africa trade. AGOA, first passed in 2000, provides […]

Togo’s capital to host AFIS annual summit Nov. 15-16

Africa’s financial industry platform (AFIS) has chosen Lome as host of its second Annual Summit on November 15 and 16, 2023, for the second time in a row. This year’s Summit will focus on the building of a “world-class African financial industry.” AFIS, backed by the International Finance Corporation (IFC), the World Bank’s private sector […]