The Egyptian government has finalized the purchase of 20 shipments of Liquefied Natural Gas (LNG) worth approximately $907 million to meet the country’s domestic energy demands between October and December 2024, according to undisclosed sources cited by Reuters. The procurement, overseen by the Egyptian General Petroleum Corporation (EGPC), features a six-month deferred payment plan. This […]
Pressure exerted on Morocco’s current account deficit (CAD) and external finances have increased significantly due to the COVID-19 pandemic global shock, Fitch Ratings says. However, the North African country has buffers to manage increased pressures, including recently displayed willingness to adjust the flexibility of the exchange rate regime, adds the international rating agency. Disruptions to […]
Supporters of opposition candidate Jean Ping set fire to parts of the National Assembly Wednesday afternoon soon after the Interior Minister declared incumbent President Ali Bongo winner of Saturday presidential election, judged by EU as non-transparent. Ali Bongo in power since 2009 has been credited with 49.80 per cent of the votes against 48.23 per […]
