South African President Cyril Ramaphosa has declared an “economic emergency,” unveiling a sweeping 10-point plan aimed at resuscitating the country’s stagnating economy. The announcement comes amid escalating tensions at power utility Eskom, deepening financial turmoil within the ruling African National Congress (ANC) party, and widespread investor skepticism. Speaking at a high-level ANC meeting, Ramaphosa announced […]
British multinational oil and gas company, British Petroleum (BP) has announced the discovery of a new gas field in Egypt, in the Nile Delta. The new discovery is located at 16 meters water depth on a new formation-level near current Nidoco NW-1 exploratory well, in Abu Madi West concession, 4 km north from the Nooros […]
Morocco’s external debt eased slightly in 2024 to $67.99 billion, down from a peak of $69.63 billion in 2023, according to the World Bank, which notes the debt was sustainable. In its International Debt Report 2025, the World Bank notes that the decline marks the end of a three-year upward trend and reflects the kingdom’s […]
