Energy Headlines Libya

Libya’s Presidential Council to launch audit of oil & electricity contracts

The media office of head of the Presidential Council Mohammed Menfi has announced plans to establish a specialised Technical committee to inspect and audit contracts within Libya’s oil and electricity sectors. Acting in his capacity as head of the High Financial Committee, Menfi aims to review spending patterns and contractual obligations to ensure transparency and […]

Africa Energy Headlines International

Senegal’s new govt to audit oil, gas, mining industries, pledging to protect investor rights

Senegal will conduct a comprehensive audit of the oil, gas and mining sectors, according to the newly elected President Bassirou Diomaye Faye, who, however, also thought to reassure jittery investors they were welcome in the country. The audit is one of the first policy moves announced by the 44-year-old former tax inspector who stated that […]

Africa Finance International

Guinea’s Mamadi Doumbouya orders audit of national budget management

The leader of transition in Guinea Mamadi Doumbouya has ordered Prime Minister Bernard Gomou to audit the spending of the national budget after the country suffered deficit of $833 million, Faapa news agency reports. A statement from the cabinet said the leader of the West African country wants to correct the shortcomings and failures noted […]

Algeria Europe Headlines International Maghreb Morocco

EP draft resolution denounces humanitarian aid diversion by Algeria, Polisario; asks for an audit

After several members of the European Parliament have lately denounced the continuing diversion of the European Union’s humanitarian assistance to the Tindouf camps and after an investigative article published last week by London-based news outlet EUToday revealed new evidence of the diversions, a draft resolution was tabled this Thursday before the European institution, denouncing the […]

Business Headlines Morocco

Towards a Shakeup of Regional Investment Centers

Morocco’s regional investment centers that are supposed to assist investors, both national and foreign, and to facilitate the paperwork for the setting up of projects will be restructured after an audit revealed many dysfunctions preventing these centers from fulfilling their mission properly. The results of the audit were presented Monday to King Mohammed VI by […]

Headlines Morocco

Morocco Braces for Government Reshuffle as King Dismisses Ministers for Low Performance

In a decision that signals the end of impunity for officials failing to deliver their duties, King Mohammed VI sacked four ministers of the current cabinet for falling short of achieving social and development goals and held other senior officials and former ministers responsible for the delay witnessed in the implementation of a set of […]