The African Export-Import Bank (Afreximbank) is in advanced discussion with Senegal’s oil refiner to raise $500 million in syndicated finance, a senior official of the bank told Reuters. The funds will be used to upgrade the company’s old refinery. Société Africaine de Raffinage (SAR), is the oldest refinery of West Africa. The company has recently […]
Nigeria’s economy has officially grown larger — at least on paper — but the West African country still remains the continent’s fourth-largest economy, behind South Africa, Egypt, and Algeria. Following a long-awaited GDP rebasing, the National Bureau of Statistics (NBS) revised the country’s nominal output for 2024 to ₦372.8 trillion ($243 billion), up from ₦314 […]
Part of Morocco’s relentless fight against terrorism and criminal rings, the Central Bureau of Judicial Investigations (BCIJ), in coordination with the General Directorate of National Security (DGSN), arrested 12 people accused of belonging to a terrorist and criminal network operating in Tangiers and Casablanca. Among those arrested are people with criminal records, convicted for common […]
