oil

Algeria Hostage Crisis: Over 40 Foreign Workers Captured by Al-Qaeda

As many as 41 people – including American, British, French, Japanese, Norwegian, Irish and Austrian nationals – are being held hostage by armed Islamist militants after storming a gas facility in Algeria. The gas production facility attacked on Wednesday by the terrorists is located in the town of In Amenas (near the Libyan border). The […]

Senegal launches 120MW power plant

The President of Senegal Macky Sall inaugurated Saturday a power plant with a 120 Mega Watt output expected to provide energy to 500,000 households in and around the city of Thies, located West of the African country. The plant build in the town of Malicounda is a public and private partnership. The shareholders include state-run […]

IMF vows endorsement to political, institutional reforms in Burkina Faso

The International Monetary Fund (IMF) Monday June 26, threw its support behind the ongoing institutional and political reforms in Burkina Faso, adding that it can provide funding for the transitional process. Martin Schindler, Deputy Division & Mission Chief of the Washington-based institution underlined the support during a meeting with the transitional leader of the West […]