Morocco 12 regions

Sahel States push for mineral independence, seek new economic path

Military governments in the Sahel are steering their nations toward greater control over mineral extraction as part of a broader strategy to diversify economies and reduce reliance on foreign companies. In Niger, a draft decree adopted by the Council of Ministers has recently granted to Niger-owned Compagnie Minière de Recherche et d’Exploitation (COMIREX SA) a […]

Africa’s growing fintech sector transforms fin-services, but funding costs are obstacle — EIB report

The number of fintech companies in Africa have almost tripled this year compared with 2020 as financial conditions across the continent ease, though funding costs are still an obstacle to further growth, according to a new report by the European Investment Bank (EIB). This progress is thanks to the improving access to finance for people […]

Algeria’s gas export volumes down 10% in 2022 compared to 2021

The Algerian government has indulged in telling half-truths by focusing on value of gas exports instead of the volume which has dropped 10% to 49.3 billion cubic meters in 2022, down more than 5 bcm from 2021. The drop confirms forecasts that Algeria- which already lost its status as an oil country- will lack capacity […]