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Israel: Leviathan gas deal approved amidst criticisms

The Israeli cabinet approved the deal signed between Israel and a consortium including U.S. firm Noble Energy on the production of natural gas at the offshore Leviathan field located in the Mediterranean amid criticisms that it is detrimental to the interest of the average Israeli citizen because the conditions of the deal do not encourage […]

Tangier-Lagos Highway, a Linchpin for Economic Integration in West Africa

After signing a landmark deal to build a pipeline connecting Nigeria’s gas wells to Morocco, King Mohammed VI and Nigeria’s President Muhammadu Buhari stressed the need to accelerate works to build a continental highway between Tangier and Lagos as part of efforts to boost economic integration and cooperation in Africa. In a joint statement issued […]

Rising borrowing costs threaten growth in Africa’s three largest economies

Governments and businesses in Nigeria, Kenya, and South Africa are grappling with sharply rising borrowing costs, a trend that poses serious risks to economic growth across Sub-Saharan Africa, according to a new report by Moody’s Ratings. Over the past five years, debt servicing costs have surged in all three economies due to weak policy frameworks, […]