In a blow to Namibia’s efforts to become a crude producer, the British energy giant Shell has announced a $400 million write-down related to an offshore oil discovery in the southern African nation, citing concerns about the project’s commercial viability, There have been several oil explorations by major oil conglomerates in Namibia in recent years, […]
Governance has suffered setbacks in 21 African countries, while 33 nations reported improvements, according to the annual Ibrahim Index of African Governance. The report, published by the Mo Ibrahim Foundation, blamed deteriorating security conditions for the worsening governance performance in nearly half African states. The Mo Ibrahim Foundation defines governance as the provision of political, […]
US Deputy Secretary of State Christopher Landau announced that, following Washington’s recognition of Morocco’s sovereignty over its Sahara, the US government has decided to encourage American investment in the Southern Provinces of the Kingdom. “The United States has recognized Morocco’s sovereignty over the Sahara, and as part of the Trump administration’s global initiatives to promote […]
