The African oil industry has attracted over $30-billion investment in logistics, distribution, storage terminals, import facilities and retail marketing in recent years. The information was disclosed during the fourteenth annual conference of the African Refiners and Distributors Association (ARA), held in Cape Town over the weekend. According to reports from the ARA conference, new prospecting, […]
The European Union is providing €10.3 million support package to the UNHCR’s Emergency Transit Mechanism (ETM) in Rwanda, which provides a life-saving avenue out of Libya for people in need of international protection, with a view to their further resettlement. The announcement was made by Commissioner for International Cooperation and Development Neven Mimica during a […]
Algeria’s President Tebboune has sought to play down the dire financial and monetary conditions in the country as the currency plunged to a historic low, trading at 290 dinars per euro on the informal market. This collapse signals a deeper structural crisis in an economy crippled by hydrocarbon dependency, corruption, and chronic mismanagement. The dinar’s […]
