The African Export-Import Bank (Afreximbank) is in advanced discussion with Senegal’s oil refiner to raise $500 million in syndicated finance, a senior official of the bank told Reuters. The funds will be used to upgrade the company’s old refinery. Société Africaine de Raffinage (SAR), is the oldest refinery of West Africa. The company has recently […]
Air British Petroleum (BP) has penetrated the Tunisian aviation fuel sector through a commercial and technical service agreement with Tunisia’s national oil distribution company, AGIL. The agreement allows service coverage at seven airports, namely Tunis Carthage, Djerba, Enfidha, Tozor, Tabarka, Monastir and Sfax. This is the second agreement of this type being concluded by the company […]
Morocco is reportedly in talks to acquire its first submarines, a move that would mark a historic shift in its naval doctrine and significantly enhance its maritime defense capabilities, Global Defense News said. The initiative comes amid rising regional competition and reflects Rabat’s ambition to modernize its military and assert greater control over its strategic […]
