libya-bashagga

Russia to send $10million in food aid to four African Countries

Russia is set to send $10 million humanitarian food aid to the United Nations World Food Program, destined to four African countries, namely Burkina Faso, Central African Republic, Democratic Republic of Congo and Ethiopia. Each country will get funds to the tune of $2.5 million. The Russian Embassy in Ethiopia in a press release indicated […]

Entire Output of New Moroccan Fertilizer Plant to Be Destined to Africa

Morocco’s Phosphates group, OCP, is about to complete the construction of a fertilizer plant in Jorf Lasfar (110 km south of Casablanca) whose entire output will be destined to the African market. The plant, costing about $ 600 million, is expected to produce one million tons of fertilizers per year that will be wholly exported […]

Algeria Continues to Reel under Impact of Oil Prices Fall-IMF

Despite a sizable fiscal consolidation in 2017, the fiscal and current account deficits remain large in Algeria, which continues to face important challenges posed by the fall in oil prices four years ago, the IMF said. The fall in oil revenues was mostly felt in Algeria’s reserves which fell by $17 billion to $96 billion […]