North Africa Post
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Africa Energy Features Headlines International

Namibia to pocket oil billions only after 2031 despite its new light oil discovery

North Africa Post

Namibia has made its third light oil discovery 270 km off its coast in the Orange Basin, though experts say the southern African country will only reap the rewards of these discoveries in a few years. The drilling process in the Orange Basin started in December 2022 and was successfully finished in recent days, according […]
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Morocco targets economic diversification to secure long-term growth

North Africa Post

Morocco has taken a series of reforms to diversify the triggers of growth for its economy away from dependence on agriculture, phosphates and tourism through developing competitive industries and diversifying its trading partners. Agriculture weights about 15% of the Moroccan economy making the amount of rainfall key to influence economic performance. Last year, cereals output […]
Africa Europe Finance Headlines International

West Africa to replace CFA franc; new currency pegged to the Euro

North Africa Post

Côte d’Ivoire’s President Alassane Ouattara has announced that West Africa’s monetary union has agreed with France to rename its CFA franc the Eco and cut some of the financial links with Paris. The CFA will undergo three major changes, according to Ivorian President Alassane Ouattara. The name will change to Eco in 2020; France, would […]