South Africa’s ANC, which ruled the country for three decades, seeks to join a coalition government after it obtained only 40% of the votes in the May 29 elections. The debacle of ANC was expected as polls showed a falling popularity of the party that ruled what used to be Africa’s richest country since the […]
Algeria is trying to balance its finances as its economy continues to struggle due to the low global oil and gas prices that are affecting countries heavily dependent on such revenues. A source close to the North African country’s Central Bank hinted that the authorities at the bank let the Algerian dinar to depreciate against […]
French industrial group, Schneider Electric has commissioned the first solar power plant in Sharm el Sheikh, a seaside town in the Sinai region of eastern Egypt. Schneider Electric completed the implementation of the first phase of the project at a cost of $5m in the feed-in tariff mechanism, in cooperation with Al Tawakol Electrical Company […]
