The Organization of Petroleum Exporting Countries (OPEC) on Wednesday commenced debates on a deal to cut oil production and bolster the crude oil price as Iran and Iraq resists pressure from Saudi Arabia to take part in any action. The members of OPEC began an informal meeting on Wednesday morning and are expected to start a formal gathering at OPEC headquarters later. While an Iraqi delegate...

As part of efforts to boost energy revenue, Algeria signed a new supply agreement with Italy to provide 10 billion cubic meters of natural gas each year. This is coming after Sonatrach and Eni signed several agreements in Rome, both in the upstream and downstream sector during the weekend to strengthen a long-term partnership. According to reports, under the agreement, the North African country...

Africa Energy has announced that it has signed a farm-out agreement with a subsidiary of Pancontinental Oil & Gas to buy a 10% participating interest in Petroleum Exploration License 37 offshore Namibia (PEL 37).                                                   ...

Tunisie Telecom secured a financing agreement for €100 million from the European Development Bank (EIB) on November 28, 2016. Related documents were initialed by Nizar Bouguila, CEO of the telecom operator, and the president of EIB, Werner Hoyer. The signing happened a day before the International Conference for Support to Economic, Social and Sustainable Development of Tunisia, TUNISIA...

For the first day of the Tunisia 2020 conference which is currently being held in Tunisia, overall commitments of countries present reached nearly $8 billion, out of a target of $30 billion to finance projects. Pledging close $1.5 billion, Qatar is Tunisia’s top bilateral partner. The country is slightly ahead of France, the other nation strongly present at the conference,...

Last Friday, the president of the Supreme Court of Mauritania, Yahfoudhou Ould Youssouf, revealed at a round table on land tenure that “conflicts related to land represent more than 38% of the cases brought to the institution last year,” Le 360 Afrique reports. Gathering high officials from the administration, magistrates, actors of Justice, and experts of land issues, the meeting’s...

Kenya and South Africa are the only African nations to enjoy total freedom on internet, according to the 2016 Global Internet Freedom report released by U.S. non-governmental organization Freedom House. The study covers the period of June 1, 2015 to May 31, 2016. Kenya and SA are the best ranked among African nations surveyed in the global ranking which lists 65 countries. In South Africa, which...

A team from the International Monetary Fund will visit Mozambique from December 1 to 12, 2016, to talk about funding, a statement from the Washington-based institution says. This is step forward since the IMF halted its support to the nation after discovering close to $2 billion of loans hidden by Mozambique. “Mozambique has implemented sound economic policies and allowed an audit...

In Mozambique, fourteen national and International companies have submitted bids for the development of industrial projects that make use of liquefied natural gas in the country. The tender to select companies interested in the design, development and investment in projects for the use of liquefied gas in initiatives like power generation and the production of fertilizers and liquid fuel for...

Tunisia hopes to mobilize $30 billion at the Tunisia 2020 conference taking place in Tunis on November 29 and 30. The nation, which is considered the success of the 2011 Arab Spring, is currently experiencing some economic challenges, worsened by terrorist attacks, which drove tourists away and cause their currency to plummet. Among about 40 countries present at the conference, France,...