Africa energy

Libyan oil to Cairo on soft terms

Two senior officials in the Libyan oil ministry have claimed that Libya could be exporting $1,2 billion worth of crude oil at world prices, but on interest-free credit for a year to Egypt, in order to save the country from fuel shortages with the government finding it difficult to honor energy importation dues. These importations […]

Morocco’s OCP plans international bond sale

Morocco’s phosphates and fertilizers producer OCP plans to issue a dual-tranche bond of 5 and 10 years, Reuters reported. OCP has mandated Citi and JP Morgan to arrange the bond sale, the agency reported without adding details. In February last year, OCP completed the issuance of an additional $300 million bond, linked to the group’s […]

Egypt’s support to Haftar’s army is a national priority, President al-Sisi

President al-Sisi of Egypt has confirmed that his government has been providing support to the Libyan National Army (LNA) under the command of Field Marshall Khalifa Haftar. The Egyptian president stated that “it is our country’s priority to back up national armies, for example in Libya, to assert control over Libyan territories and deal with […]