Libyan & Qatari flags

Mauritania Pelagic Sells 23 % of its Shares for € 20 million

Mauritania Pelagic, the largest holding company specializing in production and processing of fish, has sold 23 pc of its shares to international Investments Fund “Hermes-Sojitz” for €20 million. The money derived from the deal will be used for the construction of a modern fishing trawler equipped with 500 tons refrigerated sea water (RSW) tanks. Installing […]

Algeria’s Continuous Struggle with ‘Residual’ Terrorism- Global Risk Insight

Algeria continues to struggle with its residual terrorism as numerous militant groups have emerged since the 1990s and evolved according to geopolitical trends with the Islamic State being the latest group to gain presence in the country, said the London-based risk analysis publication, the Global Risk Insight. The publication points out in an article entitled, […]

Angola: new Cabinda oil refinery secures funding led by Gemcorp, AFC, Afreximbank

Gemcorp Holdings Ltd. (GHL), Africa Finance Corporation (AFC) and African Export-Import Bank (Afreximbank) have announced the financial close of Cabinda Oil Refinery in Angola with a US$335-million project financing facility. The announcement comes as the project spearheaded by Gemcorp, a UK-based asset management company, to build a refinery in Angola has been well behind schedule, […]