Macron’s Africa tour confirms waning French influence

Right after announcing a new French foreign policy in Africa, Emmanuel Macron started an African tour that led him so far to Angola, Gabon and afterwards to DRC, where France was reminded that its patronizing attitude will lead it to lose more friends on the continent. In Kinshasa, President Felix Tshisekedi told Macron in front […]

Libya: Sharara oil field will remain shut down until rebels leave, NOC Chief

The head of the Libyan National Oil Corporation (NOC) Tuesday said Sharara oil field, the country’s largest with a production capacity of 340,000 barrels per day, will remain shut down until rebels evacuate the oil facility they have been holding since December. “The armed group attempting to hold NOC and Libya’s economic recovery to ransom […]

Morocco to abandon international bond issue in 2022

Morocco may no longer issue an international bond as was planned earlier this year amid deep uncertainty and market volatility, finance minister Nadia Fettah Alaoui said. The government expects its financing needs to grow to 60 billion dirhams ($5.5 bln) next year compared with some 45 billion dirhams this year. “We will try to strike […]