First Independent Mena Newspaper
Nigeria’s Gasoline Integrated International is planning to build a refining capacity of 100,000 liters per day and other petroleum products, for a total investment of 3 billion naira ($68 million), reports say. The project, according to Ogun State Governor Dapo Abiodun, is expected to produce 400,000 liters per day in the long run. The refinery […]
The rising price of basic foods is worsening South Africa’s food security crisis which could increase social instability and spark a repeat of the devastating July 2021 unrest that spiraled out of control. Meanwhile, in Uganda, people in the eastern city of Jinja have taken to the streets protesting the rapidly rising cost of living. […]
Morocco’s spending on cooking gas and sugar subsidies rose sharply to nearly $700 million in the first half of 2017, compared to $481 million in 2016, the subsidy fund, Caisse de Compensation, said. During the first half of 2017, spending on cooking gas increased 70 percent year-on-year from $310 million to $525 million, while spending […]
Tunisia’s financial and economic woes have reached worrying stages forcing the government to curb its expenses. The state will be reducing the salaries of its employees. Algeria will be buffing up the coffers of the Tunisian Central bank foreign currency reserves, offer loans and grants that it will help to cover the expenses of the […]