Historic debt relief agreement marks new chapter in US-Somalia relations

Somalia has achieved a significant financial breakthrough with the United States agreeing to cancel more than $1.1 billion in outstanding loans, representing approximately one-quarter of the nation’s remaining debt burden. This historic agreement marks a crucial step in Somalia’s economic recovery from decades of financial isolation. The debt, largely accumulated during the military dictatorship that […]

Algeria to Invest $ 70 Billion Shale Gas

Algerian state-owned company “Sonatrach” is planning to invest at least $70 billion over the next 20 years for the exploitation of shale gas in the Saharan region. The plan was disclosed by the company’s managing director Said Sahnoun who hopes his country would be able to produce 20 billion cubic meters per year from 200 […]

Morocco’s Ambassador to Washington Presents his Credentials to U.S. President Biden

Youssef Amrani, has presented his credentials to U.S. President Joe Biden as Morocco’s ambassador to the United States. At the end of this audience that took place at the White House, Amrani expressed, in a statement to MAP, his commitment to work, in accordance with the high orientations of King Mohammed VI, to deepen the […]