Africa Europe Headlines International

Italy donates Niger two helicopters as part of military cooperation

Italy Tuesday donated two military helicopters to the Nigerien army in the framework of military cooperation between the two countries, news agency of the West African country reported. “As part of the military cooperation between our two countries, we have today handed over two helicopters to Niger. Next year, there will be two others,” said […]

Business Emerging Markets Energy

Amid energy crisis, EU gives gas-rich Mozambique’s security big boost

The European Union is planning a five-fold increase in financial support to 2024 for the mission of the Southern African Development Community’s (SADC) in Mozambique, according to an internal EU document, as Islamist attacks threaten gas projects meant to reduce the EU’s reliance on Russian energy. The SADC mission — a bloc of 16 African […]

Business Emerging Markets Energy

EU imports of South African coal surge eight-fold, replacing Russian fossil fuels

South Africa’s coal sales to Europe rose eight-fold during the first six months of 2022 compared with last year as demand for the fossil fuel surged ahead of a ban on Russian coal, according to Thungela Resources, a South Africa-based thermal coal exporter. The European Union banned Russian coal imports in response to the invasion […]

Business Finance

Somalia’s banking: Turkish and Egyptian banks issued first post-war licenses

Central Bank of Somalia (CBS) has recently granted its first two foreign banking licenses — to Turkey’s Ziraat Katılım bank and Egypt’s Banque Misr — in decades as the country seeks to rebuild its financial sector and attract international investment. Both state-owned financial institutions were approved by Somalia’s central bank at the start of July. […]

Europe Headlines International Libya

Italy reportedly preparing new international Conference on Libya on June 22

Italy will organize an international Conference on Libya on June 22 as Rome is championing a new deal on the oil-rich African country, Italy news agency Nova reports citing diplomatic sources. The conference, defined as technical table, will include the three Western permanent members of the U.N. Security Council, namely France, the U.K. and the […]

Europe Headlines International Morocco

Italy: All-Party Parliamentary Group set up to support Morocco’s Autonomy Plan for Sahara

An all-party parliamentary group has been launched in Italy to support and promote the autonomy plan offered by Morocco for a lasting, peaceful resolution of the Sahara regional conflict. The announcement was made Monday by Italian MPs Marco Di Maio and Urania Papatheu in a press release. The cross-party group has been established to back […]

Business Europe Finance Headlines International Tunisia

Italy backs Tunisia’s agriculture sector with €200m; FAO launches new Biorest project

Italy has allocated €200 million to Tunisia in the form of loan and grant to support the North African country’s agriculture sector. The head of the Italian Agency for Development Cooperation made the announced Thursday while attending a business and investment forum in the city of Tataouine, Webdo Tunis reports. The support package will be […]

Europe Headlines International Morocco

Morocco, a strategic partner for Italy – FM Luigi Di Maio

Morocco is a strategic partner and a key interlocutor for Italy in the region, Italian Foreign Minister Luigi Di Maio said. “Morocco is a strategic partner for Italy and a key interlocutor on regional issues, starting with Libya,” the Italian minister wrote in a tweet following a phone conversation he had on Friday with his […]

Energy Europe Headlines International Libya

Italy expects no elections in Libya with two rival administrations

Italy’s ambassador to Libya Giuseppe Buccino indicated Tuesday that it is impossible to hold elections in the oil-rich African country whose running is being claimed by two rival administrations. Baccino made the remark during a round table organized by the Luiss University in Rome, Libya Update reports. “The situation on the ground is complex,” the […]

Energy Europe Headlines International Libya

Italy turns to Libya to replace Russian energy supply

Italian Ecology Transition Minister Roberto Cingolani has indicated that Rome will conclude its first deal to obtain more gas from Libya and other suppliers, to replace Russian flows in the coming weeks. “A series of talks are underway … in the next few weeks, we will close the first agreements,” Cingolani said in an online […]