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Algeria’s Foreign Reserves Shrink to $112 Bln
In a pessimistic tone that bodes ill for Algeria’s economic prospects, Algerian Prime Minister Abdelmalek Sellal announced yet a new slump in the country’s foreign exchange reserves, which currently stand at $112 billion. As Algeria’s revenues continue to be battered by the slump in oil prices, Sellal, who was speaking in Annaba at a meeting […]
Uganda issues license for construction of controversial oil pipeline
Uganda has issued a license for the construction of a pipeline across the country and Tanzania to transport hydrocarbons from East Africa to international markets, a project that has raised the ire of environmentalists. “The approval (of the license) is another sign to demonstrate the common commitment of the two countries to develop the EACOP […]
More countries join their voice to Morocco against separatism in Africa
The Malawi is the latest African country that reiterated its steady support for Morocco’s unity and territorial integrity. The position was reaffirmed by Malawi’s foreign minister Eisenhower Nduwa Mkaka in statement to the Press after talks with Morocco’s foreign minister Nasser Bourita. The Malawi foreign minister said his country backs a solution to the Sahara […]



