European bank for Reconstruction & Development

Nigeria’s Naira, Kenyan Shilling worst hit of Africa’s devaluing currencies in 2023 with no hope in sight

African countries have faced a myriad of challenges in 2023, not the least of which was currency devaluation, with Nigeria’s Naira and Kenyan Shilling experiencing their largest drop in value against the greenback in 24 and 30 years respectively. While Nigeria and Kenya recorded significant growth across numerous industries, there were still instances of socio-economic […]

Sound Energy Receives Approval to Expand Sidi Mokhtar Onshore Licenses

Sound Energy PLC has won regulatory approval from Moroccan authorities to take control of 75% interest in the Sidi Mokhtar onshore licenses. Sound Energy, the African and European focused upstream gas company, said in a statement that the deal consists of three onshore gas permits (the “Sidi Moktar Licenses”) covering 2,700 square kilometres in the […]

Libya’s stock market re-opens after nine-year hiatus

Libya’s stock market re-opened Monday December 25 for trading in the buying and selling of shares for entities listed in the Libyan Stock Market nine years after closure. Prime Minister Abdul Hamid Dbeibah attended the ceremony, local media Libya Observer reports. “This is a rebirth for the Stock Market sector, which enjoys a high position […]