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Libya Moves to Rein in Fuel Import Irregularities as Attorney General Launches Legal Action

Libya’s Office of the Attorney General has confirmed the initiation of public legal proceedings following preliminary findings into the mismanagement of public funds allocated for fuel imports. The investigation uncovered irregular contracting practices, including crude oil barter deals and spot supply contracts that undermined the public interest and breached financial oversight standards. According to the […]

Ghana seeks $3bln loan from the IMF

Ghana and the IMF reached a staff level agreement for a loan worth $3 billion, an inroad in the West African country’s efforts to improve its public finances. Ghana is on a debt-restructuring program after it defaulted on most of its $30 billion international debt in 2022. “Performance under the IMF-supported program has been generally […]

Tunisia to build Five Solar Plants

The Tunisian government has launched international tenders for the building of five new plants using photovoltaic technology, part of the country’s decision to develop renewable energies. These projects will be developed under the Build Own Operate (BOO) model. They include 200 MW solar plant in the province of Tatouine, two 100 MW PV facilities in […]