Libya oilfields

Africa’s critical mineral boom: a double-edged sword of prosperity and instability

African countries are becoming key producers of critical minerals like cobalt and platinum, but the rush to extract these resources has also fueled instability, causing displacement and escalating armed conflicts across the continent. The International Monetary Fund (IMF) projected in its Regional Economic Outlook report published in April last year that critical minerals could boost […]

Bouteflika Playing his Little Game of Musical Chairs again with Prime Ministers

Abdelmajid Tebboune, who was still called the new Prime Minister of Algeria, was fired Tuesday, less than three months after he took office. The decision took everyone by surprise and so did the announcement of the man replacing the dismissed PM, as President Abdelaziz Bouteflika picked for the position the director of his cabinet, Ahmed […]

Paris Club creditors cancel $1.4Bln of Somalia’s debt

The Paris Club of creditor countries have agreed to restructure Somalia’s external public debt with an immediate cancellation of $1.4 billion. The decision cancels 67% of the debts owed to Paris Club by Somalia. Several of Somalia’s Paris Club creditors, including the United States, the UK and Norway, as well as the World Bank and […]