The media office of head of the Presidential Council Mohammed Menfi has announced plans to establish a specialised Technical committee to inspect and audit contracts within Libya’s oil and electricity sectors. Acting in his capacity as head of the High Financial Committee, Menfi aims to review spending patterns and contractual obligations to ensure transparency and […]
King Mohammed VI has outlined a roadmap for achieving a comprehensive and sustainable development in Africa, based on four key pillars, namely changing the model used for development financing; creating an institutional, economic, and social environment conducive to development; increasing and stimulating intra-African trade; and increasing the value of the continent’s abundant natural resources. These […]
Kenya’s goal of becoming an oil exporting country by 2022 may not be realized, London-based oil explorer, Tullow Oil said. According to the oil giant, delays from the government in making critical decisions have potentially stalled output. Tullow, which has already spent more than $1 billion in exploration activities over the past six years, last […]
