First Independent Mena Newspaper
Head of the UN-backed Government of National Accord (GNA), Faiez Serraj, is expected to step down by the end of this week to help form a new unit government next month, after the Geneva talks. Serraj will make the announcement by the end of this week, and has already discussed the move with Libyan sides […]
Russian company Wagner Group, one of the suppliers of mercenaries to Libya, has worked with Saif Al-Islam Qaddafi, the most prominent son of the late Libyan leader, in an attempt to bring him to power, Bloomberg revealed last week. The US media revealed the connection between the Russian company, known close to Moscow and […]
Nigerian economy has recovered—slowly after it suffered a recession in 2016. New data from Bloomberg shows that Nigeria is now Africa’s largest economy, pushing South Africa into second place. According to Bloomberg, Nigeria’s economic growth beat forecasts in the fourth quarter, helping its economy to expand the most in four years in 2019 as […]
Nigeria’s minister of industry, trade and investment on Monday said the West African nation will sign the Africa Continental Free Trade Agreement as soon as President Muhammadu Buhari approves an impact-assessment report he commissioned. Nigeria is one of 29 countries yet to sign the agreement seeking to boost intra-African trade, stimulate investment and innovation. In […]
Head of the UN-backed Government of National Accord (GNA) Monday expressed fears that Libya could become a terrain of proxy war between Qatar and its neighbors, locked up in close to a two-year old diplomatic crisis. Fayez Serraj made the warning in an interview with Bloomberg at a time the military campaign against Tripoli launched […]
Libya’s oil production climbed to the highest since 2013 and can go even higher if security at the nation’s energy facilities can be improved, the chairman of the state-run National Oil Corp told Bloomberg. The statement comes as the country’s capital has sank in a spiral of violence opposing rival militias. Output reached recently 1.278 […]
The International Finance Corporation (IFC), the World Bank’s private sector arm, said it plans to invest $373 million in Maghreb nations, mostly in Morocco and Tunisia as the two nations cut spending to reduce budget deficits. IFC investments in the region are designed to help the two North African governments form private-public partnerships to help […]
British Petroleum and its sister Dutch Shell have inked deals with the Libyan National Oil Corporation (NOC) to buy ship-ments of Libyan oil, Libya Herald reports Friday. The media said it received confirmation from the NOC that both European firms have signed deals to buy the Libyan oil. Shell, according to Bloomberg, which has been […]
Leading Moroccan bank, Attijariwafa Bank, is expecting its newly acquired Egyptian unit to be its major growth driver in coming years and is planning to expand its operations by adding new branches and hiring staff. The bank anticipates that the Egyptian operation will contribute 12% to 14% of its net income in 2018, with revenue […]
UN Secretary General’s Special Representative for Sexual Violence in Conflict, Zainab Bangura, said Tuesday she saw a ‘price list’ for child slaves in the hands of ISIS fighters in Syria and Iraq. Claims that ISIS fighters have been circulating a price list of child slaves have been confirmed as genuine by Zainab Bangura, who visited […]