Ecoin

State-run Sonatrach inks exploration & partnership MoU with Exxon

Gas and oil giant Sonatrach has signed a Memorandum of Understanding (MoU) with US Exxon to identify exploration opportunity in the North African country and to boost partnership between the two companies. Sonatrach made the announcement Monday on its website arguing that the agreement confirms the renewed dynamism of the Algerian mining sector, as part […]

Algeria Plans to Open Helicopter Manufacturing Plant

Algeria’s Prime Minister Abdelmalek Sellal announced recently a government plan to establish a helicopter production plant in a joint venture with a foreign partner that he did not name, the Algerian news Agency APS reported. “The National Investment Council (NIC) and the Council of State holdings (CPE) have agreed to create a high-end helicopter manufacturing […]

France’s Macron ‘resents’ Russia over its growing influence in Francophone Africa — Putin

Russian President Vladimir Putin has zoomed in on his French counterpart Emmanuel Macron and his vocal criticism of Moscow’s war on Ukraine, arguing that this “emotional reaction” by the French president is due to “resentment” at losing allies in Africa to the Kremlin. In an interview published on Wednesday (13 March), Putin said heightened Russian […]