UN-backed Government of National Accord (GNA) has suspended oil exploration and production licenses for around 40 foreign companies including French multinational Total. The decision confirmed by economy minister Ali Abdulaziz Issawi said the companies’ licenses expired. Total, aerospace company Thales and the telecoms company Alcatel are among firms to be affected by the move, which […]
Tunisian Prime Minister Youssef Chahed dismissed his energy minister Khalid Kaddour who is facing a corruption probe, the Premier’s office said. Kaddour was dismissed less than a year after his appointment in September 2017 in a move that will trigger other sackings. Kaddour will stand before justice in November over allegations of “administrative and financial […]
Morocco was ranked the most attractive business destination in North Africa and the second in the continent in the Africa Investment Index 2017 issued by Quantom Global. Morocco took the lead in North Africa thanks to multiple factors including economic growth, strategic geographic positioning, increased foreign direct investment, import cover ratio, and an overall favorable […]
