Sonatrach, a state owned energy group, has renewed its efforts towards increasing its production levels in oil and gas with the approval of a $100billion investment plan in the next five years. The production of shale gas before 2020 is also part of their plans. The approval of the plan came ahead of the opening […]
Political tensions escalated in Douala Sunday as security forces clashed with supporters of opposition leader Maurice Kamto, preventing access to the headquarters his party, the Movement for the Renaissance of Cameroon (MRC), ahead of October’s presidential elections. Authorities had restricted movement in parts of the city and around the airport since Saturday, anticipating Kamto’s arrival […]
Morocco’s central bank maintained its benchmark rate at 2.75% amid decreasing inflation. The bank said inflation would decrease to 1.3% this year as a result of falling food prices, the main driver for inflation in the country. Inflation would increase slightly to 2.2% in 2025 as the government negotiates a new wave of price hikes […]
