The CFA franc is a permanent symbol of France’s neo-colonial influence in Africa.
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Written by #Mazen_Bilal
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Algeria ranked third among Africa’s largest oil producers in the first quarter of this year, the specialized energy platform announced.
Algeria recorded daily production of 0.910 million barrels, down from 1.015 million barrels per day in the first quarter of 2023.
The decline comes as Algeria has implemented a reduction in its production since last January, to 51,000 barrels per day until the end of next June, in addition to a previous reduction of 48,000 barrels that began in April 2023 and will continue until the end of 2024.
Nigeria topped the list of the most oil-producing countries with 1.423 million barrels per day, followed by Libya with daily production of 1.117 million barrels, and Congo, Gabon, and Equatorial Guinea in the next places with lower production rates.
#Algeria #Algeria_News #Congo #Equatorial_Guinea #Gabon #Libya #Nigeria #oil
Algeria recorded daily production of 0.910 million barrels, down from 1.015 million barrels per day in the first quarter of 2023.
The decline comes as Algeria has implemented a reduction in its production since last January, to 51,000 barrels per day until the end of next June, in addition to a previous reduction of 48,000 barrels that began in April 2023 and will continue until the end of 2024.
Nigeria topped the list of the most oil-producing countries with 1.423 million barrels per day, followed by Libya with daily production of 1.117 million barrels, and Congo, Gabon, and Equatorial Guinea in the next places with lower production rates.
#Algeria #Algeria_News #Congo #Equatorial_Guinea #Gabon #Libya #Nigeria #oil
France intends to reduce its military presence in West and Central Africa to only about 600 soldiers, according to President Emmanuel Macron’s plan, according to what three sources told Agence France-Presse.
This decision came in light of increasing anti-French sentiment in some of its former colonies.
According to a plan under discussion with African partners, France will significantly reduce the number of its forces previously deployed in Africa, and according to sources close to the French government, it will maintain only about 100 soldiers in Gabon in Central Africa, and a similar number in Senegal in West Africa, compared to the current 350 soldiers in each country. From both countries.
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#Burkina_Faso #Chad #Emmanuel_Macron #France_News #French_Army #Gabon #Ivory_Coast #Jean_Marie_Bockel #Mohamed_Idriss_Deby #Niger #Paris #Senegal #Thierry_Burcard
This decision came in light of increasing anti-French sentiment in some of its former colonies.
According to a plan under discussion with African partners, France will significantly reduce the number of its forces previously deployed in Africa, and according to sources close to the French government, it will maintain only about 100 soldiers in Gabon in Central Africa, and a similar number in Senegal in West Africa, compared to the current 350 soldiers in each country. From both countries.
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#Burkina_Faso #Chad #Emmanuel_Macron #France_News #French_Army #Gabon #Ivory_Coast #Jean_Marie_Bockel #Mohamed_Idriss_Deby #Niger #Paris #Senegal #Thierry_Burcard
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A Moroccan Court of Appeal upheld a ruling requiring Maroc Telecom to pay compensation amounting to 6.3 billion dirhams, or about 630 million dollars, to its competitor, ‘Inwi’, due to unfair monopolistic practices.
‘Inwi’, the third largest telecommunications operator in the Kingdom, filed the case in 2021, accusing Maroc Telecom of abusing its dominant position in the market.
The fine exceeds Maroc Telecom’s 2023 profits, which amounted to 6.1 billion dirhams, indicating the significant impact of the ruling on the company’s financial performance.
In 2020, the Moroccan Telecommunications Regulatory Authority imposed a fine of 3.
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#Mauritania #Benin #Burkina_Faso #Casablanca_Stock_Exchange #Central_African_Republic #Chad #Cote_d_Ivoire #Court_of_Appeal #Euronext #Financial_Compensation #Gabon #Inwi #Maroc_Telecom #Morocco #Paris
‘Inwi’, the third largest telecommunications operator in the Kingdom, filed the case in 2021, accusing Maroc Telecom of abusing its dominant position in the market.
The fine exceeds Maroc Telecom’s 2023 profits, which amounted to 6.1 billion dirhams, indicating the significant impact of the ruling on the company’s financial performance.
In 2020, the Moroccan Telecommunications Regulatory Authority imposed a fine of 3.
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#Mauritania #Benin #Burkina_Faso #Casablanca_Stock_Exchange #Central_African_Republic #Chad #Cote_d_Ivoire #Court_of_Appeal #Euronext #Financial_Compensation #Gabon #Inwi #Maroc_Telecom #Morocco #Paris
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A report by the “African Export-Import Bank” (Afreximbank) revealed a 7.2% growth in intra-African trade during 2023, reaching $192 billion.
Despite this growth, the report showed large disparities between regional regions, as Southern Africa was the main driver of trade with a rate of 41.4%, followed by West Africa with a rate of 25.7%, then East Africa with a rate of 14.1%, North Africa with a rate of 12.4%, and finally Central Africa with a rate 6.6%.
The report indicated that regional trade constituted 15% of the continent’s total trade in 2023, compared to 13.6% in 2022. However, the continent witnessed a decline in total regional and external trade exchange by 6.3%, reaching about 1,300 billion dollars.
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#African_Export_Import_Bank #African_Exports #Angola #Central_Africa #Equatorial_Guinea #European_Union #Gabon #Intra_African_Trade #Libya #Nigeria #Northern_Africa #Oil_Prices #West_Africa
Despite this growth, the report showed large disparities between regional regions, as Southern Africa was the main driver of trade with a rate of 41.4%, followed by West Africa with a rate of 25.7%, then East Africa with a rate of 14.1%, North Africa with a rate of 12.4%, and finally Central Africa with a rate 6.6%.
The report indicated that regional trade constituted 15% of the continent’s total trade in 2023, compared to 13.6% in 2022. However, the continent witnessed a decline in total regional and external trade exchange by 6.3%, reaching about 1,300 billion dollars.
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#African_Export_Import_Bank #African_Exports #Angola #Central_Africa #Equatorial_Guinea #European_Union #Gabon #Intra_African_Trade #Libya #Nigeria #Northern_Africa #Oil_Prices #West_Africa
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