Africa renewables

Gulf Countries Reiterate Support for Morocco’s Territorial Integrity

They renew backing to the Morocco-proposed autonomy initiative as a compromise solution to the Sahara issue. Saudi Arabia, Kuwait, the UAE, and Bahrain have renewed their backing to Morocco’s position on the Sahara issue, to its territorial integrity, and to its sovereignty over its southern provinces.   In their addresses on Monday before the UN […]

Egypt’s bond rating lowered by Moody

Moody, a Credit-ratings agency has downgraded Egypt’s government bond ratings by one notch from B2 to B3, citing the intensification of civil unrest and sliding foreign exchange reserves. It also added that it is maintaining the rating on review for further possible downgrade. According to the agency, the reason behind the decision “is the country’s […]

Algeria Trades Oil for Cuban Doctors

Algeria will receive more doctors from Cuba in return for suppling the communist run island with crude oil, which seeks to offset a steep decline in oil shipments from its key ally Venezuela. An agreement was signed between the two countries providing for three years of Algerian oil supplies, the Cuban news agency Prensa Latina […]