Senator

African development slowed by sovereign debt

Many African governments, including Kenya and Uganda, are facing unrest due to tax hikes and reduced spending on health and education with the aim to make fiscal spaces for external debt payment. The continent’s foreign debt reached more than $1.1 trillion at the end of last year, according to the African Development Bank, which kept […]

Egypt, Eni ink oil exploration, exploitation deal worth $1bn

The Egyptian General Petroleum Corporation (EGPC) has signed an agreement with the Italian giant energy group Eni for oil exploration and exploitation in the Gulf of Suez and Nile Delta regions worth $1 billion, Arab Finance reports, citing a statement by the Ministry of Petroleum and Mineral Resources. The deal signed by Minister of Petroleum […]

Chariot revives Morocco’s Anchois Gas Field with pragmatic approach

British junior energy company Chariot Limited has taken control of Morocco’s Anchois gas field development, adopting a scaled-back, modular approach following Energean’s withdrawal, potentially unlocking 18 billion cubic meters of gas reserves crucial for national energy security. Announced July 8, 2025, Chariot’s takeover marks a strategic revival of the offshore field in the Lixus permit […]