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Libya outlines integrated plan to stabilize prices, curb currency smuggling

Libya’s Minister of Economy and Trade, Mohammed Al-Huweij, has announced an integrated policy framework aimed at protecting consumers, stabilizing prices and combating currency smuggling, as part of broader efforts to regulate the domestic market. The plan, developed on the instructions of the Prime Minister, also includes the preparation of a guiding import budget to align […]

Ghana seals debt restructuring deal, staves off default

Ghana had reached a deal with bondholders that will forgo nearly $5 billion in a sovereign debt restructuring deal that would help the country avoid default. The deal marks a key step in the country’s quest to restructure its $13 billion debt that left the country on the brink of financial collapse. Bondholders including Abrdn, […]

What Future for the North Africa-to-Europe Power Super-Grid?

With the EU aiming to increasingly meet its energy needs from renewable sources – 30 per cent by 2020 and almost 100 per cent by 2050 – a great portion of this renewable power will have to come particularly from large-scale photovoltaic (PV) installations in sunny regions of the North Africa. But since the Maghreb […]