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Tough Days Ahead for Algeria’s Currency

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 […]

Biden showcases US-funded Angolan rail hub, pledges $600M for another multi-country railway project

US president Joe Biden, on his visit to Angola to promote the $550 million US-backed Lobito Corridor railway project, has pledged another $600 million for a cross-continent rail corridor, telling regional leaders that “Africa has been left behind for much too long. But not anymore. Africa is the future.” Biden used the third and final […]

Gulfsands plans Tunisia development

Gulfsands Petroleum is planning to get more work done at its offshore and onshore blocks in Tunisia following an investment in two exploration permits there according to a released statement. The statement came on the heels of an announcement of the company’s new opportunities in the country.  Gulfsands in a recent announcement said that it […]