Kremlin

Burundi secures $271m loan facility from IMF to support economic reforms

The International Monetary Fund’s executive board has rubber-stamped a $271 million Extended Credit Facility meant to address the country’s protracted balance of payments needs, rebuild external buffers and support the government’s reform agenda. The Washington-based financial bilateral lender will disburse $62.6 million immediately. The loan is Burundi’s first Upper Credit Tranche-quality arrangement with the IMF […]

Algeria lacks spare capacity to boost gas exports to Europe

As Europe seeks to wean itself of Russian gas, Algeria has emerged as a potential supplier, but experts consider the country lacking in spare capacity. Algeria is the third largest gas exporter to Europe with 8% of the market share. It has seen its domestic gas consumption rise exponentially leaving it with insignificant extra export […]

Morocco to Add Nuclear Power to Long-term Energy Mix- Official

Nuclear power may be well included in Morocco’s energy mix as the country forges ahead with its strategy to promote clean energy and efficiency, said Khalid El Mediouri, Director General of the National Centre for Nuclear Energy, Sciences and Technology Techniques (CNESTEN) and Chair of the Nuclear Power and Seawater Desalination Committee (CRED). “Morocco’s national […]