Australia-based Invictus Energy plans to start drilling its first exploration well for oil and gas in Cabora Bassa location in the northern part of Zimbabwe by early September. The first well, Mukuyu-1, will be 3.5 km deep at a cost of $16m, said Paul Chimbodza, chairman of the Australian company’s local subsidiary Geo Associates on […]
Remittances from Moroccans abroad are expected to hit 11 billion dollars, a record level compared to 9.3 billion last year, the World Bank said in a recent report. Remittances are key to feeding Morocco’s foreign exchange reserves, which cover around 6 months of import needs, according to the central bank. Morocco, whose diaspora is mainly […]
Tunisia’s General Directorate of Customs has ordered 300 custom officers to appear before a disciplinary council for “corruption” and other bribery charges,” the spokesman of the General Directorate of Customs, Colonel Major Haythem Zied said. The situation in the North African nation is becoming rampant in recent years. Throughout 2016, Tunisia’s Anti-Corruption Commission, an independent […]
