hard currencies

US focused on developing Africa’s mining sector amid industrialization and infrastructure challenges

The Trump administration has expressed a strong interest in developing Africa’s mining sector, particularly in minerals vital for clean energy technologies. On the first day of his second term, US president Donald Trump signed an executive order prioritizing mineral extraction and processing, signaling a commitment to international partnerships, especially with African nations rich in resources. […]

Tripoli-based PM Abdelhamid Dbeibeh removes NOC Chairman Mustafa Sanalla

Abdelhamid Dbeibeh, one of Libya’s rival Premiers, has sacked the Chairman of the National Oil Corporation (NOC) Mustafa Sanalla, local media Libya Update has learned. Dbeibeh’s administration, which is based in capital Tripoli, replaced Sanalla with Farhat Omar Bengdara, who served as Libya’s Central Bank Governor from 2007 to 2011, the media notes citing a […]

Algeria: Former head of national security sentenced to 15 years in prison

A court in capital Algiers Wednesday pressed a 15-year prison sentence associated with a $80,000-fine against former head of the national police, Major General Abdelghani Hamel, charged with corruption and illicit enrichment. The Sidi M’hamed court also handed individual sentences to the family of the General and their company. Hamel’s wife Lanani Salima is handed […]