The Algerian economic model, which is depending heavily on oil & gas revenues, is seemingly crumbling. The new financial realities have shown that its former decade’s high spending is no longer possible with the rapidly depleting state coffers and widening deficit. Hit hard by a sharp drop in oil prices on the international and the […]
Seven Sudanese rebel groups, including former Janjaweed forces fighting on the side of warlord Khalifa Haftar, have agreed to leave Libya, reports say. The groups, Libya Observer reports citing London-based Middle East Eye (MEE), made the decision early this month during a meeting held in Niger on June 11-12. The meeting, MEE reported, took place […]
Zimbabwe’s state-owned power utility, ZESA Holdings, needs $14 million for monthly electricity imports from the regional power market, its acting Chief Executive Patrick Chivaura said on Monday. Zimbabwe is experiencing its worst power crisis in a decade, with households and industries being cut off for up to 16 hours daily. The power crisis has added […]
