King Mohammed VI & President of Senegal Macky sall

Afreximbank approves $200 million for Uganda crude pipeline as NGOs denounce the project

Afreximbank has approved $200 million toward financing of a contested oil pipeline to export Uganda’s crude, while a report released by two environmental NGOs has warned of potentially “unacceptable” damage caused by a controversial project involving French oil giant TotalEnergies and China’s National Offshore Oil Corporation (CNOOC). The Nigeria-based bank was also willing to finance […]

Dim prospects for Tunisian economy as President Saied cuts ties with IMF

Tunisia’s President Kais Saied has suspended ties with the IMF after shunning the reforms it conditioned for a lifeline deal that could have made it easier for Tunisia to access foreign loans. The failure of the $1.9 billion offered by the IMF in exchange for reforms puts Tunisia in an uphill battle to access funding […]

Tunisia: Interior minister sacked ahead of rumored cabinet reshuffle

Tunisian Prime Minister Hichem Mechichi Tuesday kicked Interior minister out of the cabinet without giving explanations, amid speculations of a likely cabinet shakeup. A statement announced Taoufik Charfeddine’s removal, indicating that Mechichi himself will supervise the department until the appointment of a replacer. The statement did not provide reasons for the sacking but, local radio […]