Leviathan gas deal approved amidst criticisms

Afreximbank poised to help Senegal raise $500m

The African Export-Import Bank (Afreximbank) is in advanced discussion with Senegal’s oil refiner to raise $500 million in syndicated finance, a senior official of the bank told Reuters. The funds will be used to upgrade the company’s old refinery. Société Africaine de Raffinage (SAR), is the oldest refinery of West Africa. The company has recently […]

Hungarian top diplomat to visit Chad next month with agreements in pipeline

Peter Szijjarto, Hungary’s Foreign minister, is expected to visit Chad from December 07 and will ink cooperation deals with his Chadian counterpart KASSIRÉ Isabelle Housna, local media ‘Alwihda Info’ reports citing the Foreign ministry of the African country. Laszlo Mathé, the European country’s ambassador to Chad informed Housna about Szijjarto’s future visit, on Monday November […]

Tunisia’s Middle Class under Threat

In order to deal with the envisaged decline in state revenues, Tunisia is planning to introduce tax hikes and subsidy cuts in the budget for 2014. Not surprisingly, this unpopular call has already triggered a wave of controversy, while economists agree that all in all the entire draft of the 2014 budget is inevitably facing […]