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IMF Urges Tunisia to Cut Fuel Subsidies

The International Monetary Fund (IMF) urged Tunisia to cut fuel subsidies and trim its public-sector payroll in a bid to lower budget deficit. “It is necessary to reduce unfair energy subsidies through increases in domestic energy prices that follow international oil prices,” the IMF said in a statement. “The public-sector wage bill is very large […]

Zambia: Japanese company to invest $200 million in solar energy

The Japanese company Univergy Solar has announced it will invest $200 million in Zambia to carry out two solar photovoltaic projects. The investment will enable the new independent power producer (IPP) to build two photovoltaic solar power plants. The first plant will be located in northern Zambia, with a capacity of 135 MWp. The second, […]

Algeria: The army is gambling its credibility

The Algerian military hierarchy finds itself on Thursday, December 12, confronted to a serious test, that of a boycott of the presidential election, at a time it made of this election its number one priority. The army has wholly committed itself to the polls, but without involving the Algerian people. It is gambling its credibility. […]