eswatini _morocco_FMs Thulisile Dladla _ Nasser Bourita

IMF: Algerian Economy Continues to Face Major Socioeconomic Challenges

The International Monetary Fund has issued a new assessment of the Algerian economy, which failed to diversify due to endemic corruption and deepening political crisis, fueling growing popular discontent and uproar. “Algeria continues to face important challenges posed by the fall in oil prices four years ago”, said IMF team after concluding a recent visit […]

Egypt in talks with five financial institutions to finance Aswan-Toshka railway project

Egypt is negotiating with five international financial institutions funding for planned Aswan-Toshka railway project linking the Arab republic to neighboring Sudan, reports say. The European Bank for Reconstruction and Development, European Investment Bank, World Bank, Asian Infrastructure Investment Bank, and Islamic Development Bank, Arab Finance reports citing Al Mal. The media did not disclose the […]

Oil and Gas: African countries to raise $2 billion for energy projects

Nigerian Minister of State for Petroleum Resources Ibe Kachikwu on Monday disclosed that Nigeria will mobilize other oil and gas producers in Africa on the platform of the African Petroleum Producers Organization to raise up to $2 billion to finance energy projects across the continent. According to Kachikwu, member countries of APPO were already looking […]