King Mohammed VI

Algeria to Invest $ 70 Billion Shale Gas

Algerian state-owned company “Sonatrach” is planning to invest at least $70 billion over the next 20 years for the exploitation of shale gas in the Saharan region. The plan was disclosed by the company’s managing director Said Sahnoun who hopes his country would be able to produce 20 billion cubic meters per year from 200 […]

Currency depreciation triggers millionaires’ flights from Africa

Nearly 20,000 millionaires fled Africa in the past decade due to currency depreciations that eroded their wealth, according to Henley and Partners, a global citizenship and residence consultancy. The number of individuals with a wealth of $1 million in Africa dropped 8% to 135,200, while the number of billionaires was limited to 21 with a […]

DR Congo to appoint first envoy to Israel after 20-year void

The Democratic Republic of Congo would appoint an envoy to Israel in the coming days after a 20-year void. The announcement was made President Felix Tshisekedi while he was addressing Sunday the American- Israeli Public Affairs Committee (AIPAC), a powerful lobby group. “Relations between my country and Israel have long been lethargic. Yet we have […]