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EU’s CBAM policy projected to hit some African countries very hard — experts

The European Union’s landmark Carbon Border Adjustment mechanism (CBAM) will push producers to decarbonize, yet make it harder to do so, because it is a poorly designed policy that can end up doing more harm than good, according to a latest study published by ‘African Arguments’ that also suggests that the CBAM policy could cut […]

Libya Losing Around $10 M Daily, NOC

Libya’s state-owned National Oil Corporation (NOC) accused the Tobruk-based government led by Prime Minister Thinni of stopping the state from earning the much needed revenue from oil sales by blocking loading at the Marsa al Hariga port. Tripoli-based NOC warned in a statement that stopping the exportation of oil will heavily impact the value of […]

IMF chief lauds Morocco’s reform, says Marrakech ‘ideal’ place for annual meetings

Visiting IMF managing director Kristina Georgieva praised Morocco for its economic reforms while saying the country was the ideal place for holding the IMF-WB annual meetings next October. Following talks with head of Moroccan government Aziz Akhannouch in Rabat, Georgieva said Morocco knew how to navigate the post-covid crisis thanks to targeted government actions. She […]