Energy Finance Headlines Libya

Libyan National Oil Corporation under pressure as Barter System ends

The Libyan National Oil Corporation (NOC) is facing growing pressure to settle its refined oil products import bills as the country’s long-standing barter system comes to an end. While fuel imports continued into Libya in March, the NOC remains unable to pay for these supplies, a situation compounded by the country’s declining oil revenues. The […]

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Trump’s in-law Boulos sent on mission to east Africa, with DRC’s minerals high on agenda

Massad Boulos, newly appointed senior advisor for Africa at the US State Department, is set to begin a diplomatic mission to the Democratic Republic of the Congo (DRC), Rwanda, Kenya, and Uganda. The trip, which starts on 3 March, aims to foster peace in eastern DRC, where M23 rebels continue their offensive, and encourage increased […]

Africa Features Headlines International

DRC, M23 rebels to hold direct peace talks in Qatar

The Democratic Republic of Congo (DRC) government and the Rwanda-backed M23 rebels have agreed to direct peace talks, set to take place on 9 April in Doha, Qatar. This marks a significant step towards resolving one of Central Africa’s most enduring and violent conflicts, which has displaced hundreds of thousands of people and caused widespread […]

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Sahel bloc ministers headed to Moscow to strengthen ties amid regional security challenges

The foreign ministers of Mali, Burkina Faso, and Niger are set to visit Moscow this week to deepen their strategic partnership with Russia, marking a significant shift in the region’s diplomatic and security landscape. The visit, scheduled for 3-4 April, represents the first-ever AES-Russia consultations following the establishment of the Confederation of Sahel States (AES) […]

Africa Headlines International

Sudanese Army reports major victory over RSF in Southern Sudan

Fierce battles broke out on Tuesday April 1 between the Sudanese army and the rival paramilitary group, the Rapid Support Forces (RSF), in El-Obeid, the capital of North Kordofan state in southern Sudan. Military sources reported that the army inflicted significant losses on the RSF, targeting their troops and equipment, which forced the RSF forces […]

Africa Features Headlines International

Niger junta frees 50 senior officials of deposed gov’t, ex-president remains in detention

Niger’s military junta, which took power in a coup in July 2023, has released around 50 individuals, including former government ministers and soldiers linked to past coup attempts, following recommendations from a national conference in February. Those freed include high-profile figures such as former oil minister Mahamane Sani Issoufou, ex-defense minister Kalla Moutari, and former […]

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Gulf states expand economic influence in Africa, challenging European dominance — ECFR report

In recent years, the Gulf monarchies have pivoted towards a more geo-economic strategy in Africa, diversifying their engagements from security and political interests to economic development, says a new report by the European Council on Foreign Relation (ECFR), noting that the Gulf expansion could also exacerbate the ongoing decline in European involvement in the continent. […]

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Poor infrastructure hampering intra-Africa trade, report finds

A recent report by the Mauritius Commercial Bank Group has highlighted the significant barriers posed by Africa’s inadequate transport and logistics infrastructure, which continue to hinder the region’s trade potential. Despite Africa’s growing economy, intra-Africa trade still accounts for a mere 16% of the continent’s total trade. The report, entitled ‘Harnessing Africa’s Trade Potential: Strategies […]

Africa Finance Headlines International

Burkina Faso, Mali, Niger introduce 0.5% import tax to fund AES activities

Burkina Faso, Mali, and Niger have introduced a 0.5% tariff on goods imported from third countries, a move aimed at financing their activities within the Alliance of Sahel States (AES). This new tax, named the “AES confederal levy,” will apply to products entering the three countries but will exclude goods from other AES members, as […]

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Tanger Med 100% green: leading maritime sustainability

The Tanger Med port complex has achieved a significant environmental milestone by switching to 100% renewable energy as of January 1, 2025, as part of its ambitious plan to reach carbon neutrality by 2030. This initiative is backed by substantial investments of approximately 2 billion dirhams aimed at transforming the port’s energy infrastructure and reducing […]