ALGERIA-POLITICS-DEMO

Algeria: Sonatrach and Fenosa finalise deal

Companies from the two sides of the Mediterranean have agreed to pen a deal valid for almost two decades. Spain’s Gas Natural Fenosa was a signatory to the deal with Algeria’s Sonatrach for 800mn m³/year of gas for a period of 18 years and for a 10% stake in the 8bn m³/yr in the Medgaz […]

South African Speaker resigns amid corruption case

South Africa’s Parliament speaker and ANC member Nosiviwe Mapisa-Nqakula gave up her seat, after she lost a bid that would block her arrest over a corruption case. The Speaker, like many of ANC leaders, is accused of receiving bribes amounting to 135,000 dollars from a defense contractor when she was defense minister. Her case highlights […]

Morocco’s Managem targets 50% gold portfolio, CEO Says

Managem plans to expand the share of gold in its portfolio from 20% to 50% as it expects an increase in production from the mine it operates in Sudan, CEO Imad Toumi said. Managem also plans to start production in its Tri-K gold mine in Guinea in the second half of this year, Toumi told […]