In Libya, the national unity government (GNA) has threatened to suspend the activities of 40 European firms such as Total and Siemens operating in the country.
In a decree published on May 9, 2019, the government sets a 3-month deadline for those firms to renegotiate their exploitation rights or be suspended.
According to a communique published by the economy and industry ministry, it is mainly a warning because those licenses would expire soon.
Analysts think that this is a way to pressure European countries, France mainly.
Fayez al-Sarraj, chairman of the presidential council, had accused Paris and other European countries of supporting marshal Khalifa Haftar, his enemy who has been attacking Tripoli since April 4, 2019, to root out GNA and its militia.
“In reality, the decree is motivated by a desire to show European states that their leniency towards the eastern-Libyan faction has immediate consequences on their economic interests,” said Jalel Harchaoui, research fellow at the Clingendael Institute.
In chaos since the downfall of Muammar Gaddafi in 2011, Libya is ruled by two governments. The union government is based in Tripoli while the second government is based in Tobrouk and supports marshal Khalifa Haftar.
According to Libyan sources, Fayez al-Sarraj was not satisfied with the result of his meeting with the French president a day before the decree.
Emmanuel Macron called for a truce but did not invite marshal Haftar to move to the east.
ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals...
South Africa led with 35% of total deal value, ahead of Kenya and Egypt Inbound deal value ro...
Investigation targets alleged breaches of Nigeria’s 2023 data protection law Platform processes p...
The main point of contention between Niamey and France’s Orano concerns the uranium stock extracted ...
China’s initiative aims to address the imbalances that have long characterised bilateral trade relat...
Côte d'Ivoire increased fresh fish import volumes from about 388,000 tons in 2015 to more than 732,000 tons in 2024, a rise of nearly 90%. The country...
The government kept the minimum farmgate price at CFA385 ($0.69) per kilogram for the 2026 campaign. Authorities suspended exports from February 21 to...
Anglo American booked a $2.3 billion impairment on De Beers in 2025, following a $2.9 billion writedown in 2024. The group plans to...
UNESCO allocates $50 million to Côte d'Ivoire NDP Funding supports education, culture, science, communication sectors NDP 2026-2030 targets 7.2%...
Located about 500 kilometers southwest of Cairo, between the oases of Bahariya and Farafra, the White Desert stands out as one of Egypt’s most distinctive...
The University of Lomé on Wednesday opened a fossil and rock exhibition hall showcasing specimens from the country’s coastal sedimentary basin. Led by the...