Gas exploration

M23 rebels launch new offensive in east DRC amid growing tensions before crisis summit

A new wave of violence erupted in eastern Democratic Republic of Congo (DRC) as Rwanda-backed M23 rebels launched an offensive just days before the presidents of both East African countries are set to meet for a crisis summit in Dar es Salaam. The renewed clashes come days after the M23 group declared a unilateral ceasefire […]

EU to deploy military force to Mozambique; Rwanda, SADC also send troops to fight rebels

Mozambique’s ability to adequately fund government ministries – including its military – has been hamstrung by tight fiscal rules imposed by the International Monetary Fund as conditions for granting loans. Now, Maputo must reluctantly invite foreign forces onto its territory, something its fiercely independent government has long resisted doing. The European Union has created a […]

Tunisia on Verge of Bankruptcy as IMF Freezes Loan

The International Monetary Fund has postponed the second tranche of a loan worth $350 million to Tunisia because of a lack of progress in reforms covering public sector wage bill, the public finances and state banks. The IMF urged the acceleration of reforms for Tunisia to be eligible to receive the second and third tranches […]