Uganda has joined the Extractive Industries Transparency Initiative (EITI) in order to subject its oil industry to scrutiny and promote accountable management of revenues. Uganda discovered crude reserves more than 10 years ago but production has been repeatedly delayed by disagreements with field operators over taxes and development strategy. According to Uganda’s Minister for Finance, […]
Algeria has taken another unilateral move in its relations with Morocco by pushing forward with the exploitation of a huge iron mine in Tindouf region in total disregard for a 1972 border treaty with Morocco which provided for the shared and equal exploitation of the mine. The pact was interpreted as the price that Morocco […]
World leader in the design, manufacture and service of aircraft engines and auxiliary power units, Pratt & Whitney, invested $100 million in a plant that underscores the development of the aeronautical industry in the country. The 120,000 m2 plant will be ready in 12 months and would employ 200 people, Morocco’s industry ministry said. Pending […]
