forum-afrique

Algeria : recovering faith with the new energy law

Energy Minister Youcef Yousfi announced that there will be new biddings for the exploration of oil and gas in the “coming weeks”.  The state has declared that it discovered 32 oil and gas wells last year. The ‘’In Amenas’’ gas plant attack in 2013 left more than 40 employees dead and has terrorized most of […]

Algeria will not renew gas pipeline deal with Morocco, Spain

Algeria announced that it will abandon a gas pipeline that supplied Spain via Morocco in a hostile act that followed the severance of diplomatic ties with Rabat.   Moroccan officials rely on the pipeline to power two electricity plants in the north, but the decision would do little damage as the Kingdom foresaw the move. […]

Attijari Bank Mauritania partners with Proparco to guarantee loans to SMEs

In Mauritania, Proparco, a Development Financial Institution partly owned by the French Development Agency, has signed an agreement with Attijari Bank Mauritania, the local subsidiary of the Moroccan financial group Attijariwafa Bank, to guarantee up to €5.5 million ($6.1 million) loans to approximately 140 Mauritanian small and medium-sized enterprises (SMEs). According to the MoU signed […]