The Global Investors for Sustainable Development Alliance (GISD)

Nigeria on way to cut dependence on imported refined oil

Nigeria’s oil regulator (NUPRC) reached a deal with producers to ensure steady supply of crude to local oil refineries, a move that would help the country cut dependence on imported fuel. Africa’s richest oil country imports most of its refined oil needs partly due to oil majors demanding excessive premiums or saying they had no […]

Power Cut Forces Doctors in Algeria to Complete Brain Surgery Using Phone Lights

As doctors across Algeria continue their open strike to protest low wages and poor working conditions, a video showing surgeons conducting brain surgery using mobile phone lights after their hospital plunged into darkness has caused outrage, further igniting the wrath against a heavily subsidized yet underperforming health sector. The video of doctors using lights of […]

Euro hits record high on Algeria’s black market amid currency crisis

The euro surged to a new historic high on Algeria’s black market in November, trading at up to 27,450 dinars for a 100-euro note, marking a deepening pressure on the informal currency exchange system. Buyers are offering between 27,050 and 27,150 dinars, widening the gap between buying and selling rates, Algerian outlet Maghreb Emergent reported. […]