Long ruling Bouteflika has stepped down after popular protests leaving behind him an embattled economy vulnerable to international oil prices. After years of unsustainable spending, Algeria’s foreign exchange reserve shrunk to cover only four years of imports making it difficult to sustain a generous subsidy system that has bought peace at the expense of financial […]
The Australian iron-ore mining company Genmin has submitted to the Gabonese government a request for 15-year permit to commence iron ore drilling project at Baniaka field in the central African country. Joe Ariti, the Chief Executive Officer of the company met with the minister of Mining of the African country to discuss the application that […]
The G20 summit wrapped up in Africa without a joint communiqué amid an absence of the US and major financial chiefs. The United States boycotted the event citing South Africa’s “anti-Americanism”. The decision also came after fierce criticism by Trump, who accused the South African government of discrimination against its white minority. The absence of […]
