July 12, 2018


Tanzania’s economic reform programme receives $40 million AfDB support

Tanzania’s ongoing macroeconomic reform program has received a boost from the African Development Bank through a $40 million budget support loan to be provided by the African Development Fund, the concessional arm of the Bank Group.

The budget support facility is being managed under the Bank’s Good Governance and Private Sector Development Program (GGPSDP).


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July 11, 2018


Nigerian Government supports Google's Next Billion Users plan

In line with its Economic Recovery and Growth Plan, the Buhari administration would be actively supporting Google's Next Billion users plan intended to ensure greater digital access in Nigeria and around the world.

This will afford millions of Nigerians access to the Internet and particularly support content distribution.

Vice President Yemi Osinbajo, SAN, gave the assurance during a meeting with Google executives at the company's corporate headquarters in the Silicon Valley at the start"...

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July 10, 2018


Shaking Up Algeria's Government, One Small Reform at a Time

Algeria's political system has remained tightly controlled by its ruling parties for almost two decades, but major economic difficulties have prompted those in power to listen to the opposition more seriously than ever before. Opposition parties have found the space to effectively channel real economic grievances, and they are helping nudge economic reform forward. To appease the growing opposition, the government will be motivated to enact minor economic reforms in an effort to keep the tide of domestic unrest at bay."...

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July 9, 2018


Siemens and Alibaba Cloud Partner to Power Industrial Internet of Things in China

Siemens and Alibaba Cloud, the cloud computing arm of Alibaba Group, signed a Memorandum of Understanding (MoU) today to partner to foster the industrial Internet of Things (IoT) in China. The two companies will leverage each other’s technology and industry resources to build a unique IoT solution to support Industrie 4.0, China’s manufacturing upgrade and transformation and other industrial Internet initiatives. Joe Kaeser, President and CEO of Siemens AG and Simon Hu, Senior Vice President of Alibaba Group and"...

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July 5, 2018


Algeria bought around 660,000 tonnes wheat in tender – traders

Algeria’s state agency OAIC bought around 660,000 tonnes of milling wheat for shipment in September in a tender that closed on Tuesday, European traders said on Wednesday.

OAIC paid between $234 and $237 per tonne, cost and freight included, for the wheat, they said.

The origin of the wheat was optional but traders said it would likely be French.
OAIC, one"...

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June 25, 2018


Algeria 'abandons' thousands of migrants in Sahara

Algeria has abandoned more than 13,000 migrants in the Sahara Desert over the past 14 months, expelling them without food or water and forcing them to walk for hours or even days.

They include pregnant women and children. The Associated Press interviewed over two dozen survivors of the deportations in Niger.

Three men head north towards Algeria after crossing the Assamaka"...

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June 24, 2018


Algeria’s forex reserves fell by $7.3 billion in Jan-May - PM

Algeria’s foreign exchange reserves fell by $7.3 billion in the first five months of this year and are expected to decline by $5 billion from now until the end of the year, Prime Minister Ahmed Ouyahia said on Saturday.

“Reserves stood at $90 billion at the end of May and should decline to $85 billion by the end of 2018,” Ouyahia said after a meeting with members of his National Rally for Democracy (RND) party on television.


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June 23, 2018


Abidjan Hosts High-level Discussion on Infrastructure Governance

Representatives from government, multilateral development banks, the private sector, and civil society converge in Abidjan this week for the Second Regional Roundtable on Infrastructure Governance and Tools.

The event aims to boost infrastructure investment by addressing governance gaps and showcasing tools for better project assessment, transparency, fiscal analysis, and capacity building.


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June 20, 2018


New Investment Models Are Needed To Boost MENA Oil & Gas Competitiveness, Crescent CEO Tells OPEC Seminar

New investment models will encourage optimal development in the oil and gas sector, Majid Jafar, CEO of Crescent Petroleum told OPEC ministers and industry leaders at the OPEC Seminar in Vienna today. The private sector in MENA can be an important partner in oil and gas development, helping boost competitiveness in the industry, he added.

“We need new investment models that will create the right incentives for upstream investment in exploration"...

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June 19, 2018


Iran, Algeria, Venezuela oppose immediate oil output increase - Reuters

According to Reuters, citing two OPEC sources

It looks like even the possibility of a compromise through a smaller increase in the oil output production may not be well received by Iran and Venezuela.

If that's the case, we're very much looking for a failure at a joint communique by the OPEC members and Saudi Arabia and Russia may very well have to veto the decision"...

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