The health of Algeria’s currency, the dinar, has always been measured against oil prices. The end of the era of expensive oil in late 2014 has sent the dinar dwindling in value as Algeria continues to squander its oil mantra avoiding painful reforms to diversify its economy. Since the beginning of this year, the dinar […]
President of Sierra Leone Julius Maada Bio has commended the sound commitment and the sustained efforts made by King Mohammed VI for the development of the African continent. Addressing the opening session of the 6th International Africa Development Forum (FIAD), Thursday in Casablanca, President Maada Bio said Morocco is a “success story” in Africa, noting […]
The African Export-Import Bank (Afreximbank) is in advanced discussion with Senegal’s oil refiner to raise $500 million in syndicated finance, a senior official of the bank told Reuters. The funds will be used to upgrade the company’s old refinery. Société Africaine de Raffinage (SAR), is the oldest refinery of West Africa. The company has recently […]
