IFC

Morocco’s exports hit new records, beating post-Covid-19 fears

Morocco’s exports have climbed sharply during the past five years, reaching their highest levels on record, confirming the resilience of the country’s economy and its recovery after covid-19 crisis. During the first seven months of 2021, exports of Morocco jumped by 23.2% to over $19 billion compared to the figures recorded the same period of […]

Libya: Sharara oil field will remain shut down until rebels leave, NOC Chief

The head of the Libyan National Oil Corporation (NOC) Tuesday said Sharara oil field, the country’s largest with a production capacity of 340,000 barrels per day, will remain shut down until rebels evacuate the oil facility they have been holding since December. “The armed group attempting to hold NOC and Libya’s economic recovery to ransom […]

Historic UN ‘oceans treaty’ set to have major benefits for Africa’s struggling fishers

The new legally binding “high seas treaty” to protect marine life in international waters, which cover around half of the planet’s surface, but have long been essentially lawless, will positively affect struggling fishers in Africa and the Global South, according to experts involved in the decade-long negotiations. Conservationists welcomed an agreement over the weekend on […]