ONEE

Tunisia Seeks to Promote Oil production

Tunisian authorities have awarded an oil exploration permit to Ukraine’s YNG Exploration Limited. The permit authorizes the Ukrainian firm to begin explorations in the 988 KM² Araifa site in Tatounie, southern Tunisia. The firm will conduct seismic exploration and proceed to the drilling of two test wells over a five-year period at an estimated cost […]

Morocco capital market regulator greenlights CFG Bank IPO

Morocco’s capital market regulator AMMC gave its approval for the listing of merchant bank CFG Bank on the Casablanca Stock Exchange. Under this IPO, CFG aspires to raise 600 million dirhams at a price share of 110 dirhams, with the subscription period running from November 30 to December 7. This marks the first IPO in […]

2017 Military Strength Ranking: Seven African Countries in the Top 55

Each year, the Global Firepower specialist site draws up its global ranking of conventional armies, which does not take into account the stockpiles of nuclear weapons. In its 2017 military strength ranking, seven African countries are in the top 55. These are Egypt, Algeria, Ethiopia, Nigeria, South Africa, Angola and Morocco. As usual, the list […]