Botswana elections

IMF Expresses Concern over Impact of Lower Oil on Algerian Economy

“Algeria continues to face important challenges posed by lower oil prices (…) and growth in the nonhydrocarbon sector slowed under the effects of spending cuts”, says the International Monetary Fund (IMF). Inflation increased from 4.8 pc in 2015 to 6.4 pc in 2016 and stood at 8.1 pc year-on-year in January 2017. As to unemployment, […]

Gabon launches new offshore drillings to increase oil production

US hydrocarbon exploration firm, Vaalco Energy, will start an offshore drilling campaign next month as Gabon works to increase its crude oil production by 50 percent by 2020/2021. The start of the drilling campaign follows a successful full-field maintenance shut down at four of Vaalco’s platforms in the Central African nation The five-well drilling campaign […]

Morocco Reaps 96 million Quintals of Cereals in 2017 Crop Year

After abundant rainfall, Morocco produced 96 million quintals of cereals in the 2016-2017 crop year, the Agriculture Ministry said. The production of soft wheat is estimated at 49 million quintals (51%), followed by barley with 25 million quintals and hard wheat (22 million quintals), the ministry added in a statement. Rabat-Salé-Kenitra region came first in […]