People stand near a border post on the Algerian side of the Morocco-Algeria border in the north east of Morocco

Chariot Oil Company gets new exploration license in Northern Morocco

The UK Chariot Oil & Gas company has secured a new offshore exploration license in Northern Morocco. The formal award of the “Rissana” license is expected in 2021, says the oil company. Under terms of the agreement reached, 75pc interest and operatorship of the Rissana licence will be awarded to a wholly owned subsidiary of […]

Egypt: Bankruptcy evident if situation continues

President Morsi’s outstanding powers has led to demonstrations in the streets demanding him to relinquish them and it has made it effects on Egypt’s benchmark stock index is as it fell by almost 10% in the first trading session since the presidential decrees. The ongoing political tensions in an already paralyzed economy spread swiftly through […]

Senegal’s corruption probe deepens with indictment of fifth ex-minister

Senegal’s sweeping anti-corruption campaign has reached a new milestone as former community development minister Amadou Mansour Faye becomes the fifth top official from the previous government to be indicted. The High Court of Justice, a special tribunal established to try ex-officials, charged Faye with embezzling over $4.6 million in public funds and ordered his immediate […]