Egypt : Military brass changed to revolutionize strategy

A major shuffle of the top brass of the Egyptian military was announced on Sunday and it coincided with the killing of at least 12 people, of which six were soldiers, in northern Sinai. The change in the military ranks came after a similar action concerning 22 top officials, including the head of the National […]

IMF releases $496mln for Morocco under climate-resilience scheme

The International Monetary Fund greenlighted on Tuesday the release of $496 million for Morocco under a Resilience and Sustainability Facility (RSF) to help the north African country address climate challenges. The new funding brings the total disbursement of the IMF under the RSF to about $1.24 billion. The IMF had approved a $1.32 billion loan […]

Mauritania: Gas production in Banda field May Start in Late 2014

Gas production in the Mauritanian Banda field may start in late 2014 or early 2015, it was announced in Nouakchott earlier this week. The construction of a gas pipeline for the Banda gas field, whose reserves are estimated at 500 billion cubic feet, may be entrusted to U.K.-based explorer Tullow Oil Plc (TLW). Construction works […]