Once the largest economy in the continent, South Africa reels under infrastructure degradation that risks ditching the country’s economic growth, according to S&P Global Market Intelligence. Infrastructure dysfunctions, notably irregular electricity, supply hit production at Africa’s most industrialized nation, stoked unrest and worsened the country’s macroeconomic balances. Thea Fourie, Director for Sub-Saharan Africa Economics and […]
Egypt and Dana Gas have reached an agreement after the fruitful intervention of the United Arab Emirates government. Dana Gas was unwilling to supply Egypt with gas due to the outstanding arrears of $160 million. The two parties reached an agreement on Thursday in a “win-win agreement.” Cairo owns foreign energy firms a sum of […]
Algerian authorities held visiting RS Berkane team for more than ten hours at Algiers airport, after confiscating their jerseys showing a full Morocco map, including the Sahara territory. Two-time CAF Confederation Cup winner RS Berkane travelled to Algiers to play title-holder USM Alger on Sunday. But the harassment of Algerian authorities is casting a political […]
