UNAMID peacekeepers

France Loans Morocco €128 million to buy Locomotives

France granted a 128 million euro loan to fund the locomotives that Morocco’s national railway operator (ONCF) plans to purchase as part of its development program. The loan will boost the ONCF shift to electric railway in line with Morocco’s environmental commitment. ONCF posted a net profit of 223 million Dirhams in 2016, up 31% […]

Senegal officially becomes newest oil producer

Senegal’s Sangomar oil and gas field has produced its first oil, operator Woodside Energy said, with the newly elected president Bassirou Faye promising that oil revenue will be “well managed.” Senegal also expected to start producing gas this year in the Greater Tortue Ahmeyim offshore field which it shares with Mauritania. “This is an historic […]

Turkey, Russia pledge to end rivalry in Libya

Russia and Turkey Wednesday vowed to collaborate and work towards the stability of Libya where both countries back rival sides. “Everyone must contribute to the full stabilization of Libya,” Turkish Foreign Minister Mevlut Cavusoglu said on Wednesday at a joint press conference with his Russian counterpart Sergej Lavrov in Ankara. “We no longer want competition […]