Region

North Africa and the Sahel

Stories under this heading cover North Africa and the Sahel. North Africa is a region encompassing the northern portion of the African continent. It stretches from the Atlantic shores of Mauritania to Egypt's Suez Canal and the Red Sea. The Sahel spans from the eastern shores of the African continent, starting from Sudan and continuing up to the Atlantic shores of Mauritania and Senegal.

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IMF Head warns of economic impact of Ukraine Crisis on Africa

IMF Head warns of economic impact of Ukraine Crisis on Africa

African economies are particularly vulnerable to the impacts of war in Ukraine, says IMF Chief Kristalina Georgieva. The remarks come two weeks after the Russian invasion of Ukraine sent financial markets into steady decline, leaving African economies with high food and fuel prices. “The war and the unprecedented sanctions imposed on Russia are having far-reaching consequences. They come at a delicate time for Africa.”, she stated at a closed virtual press briefing on Thursday.
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 Algeria offers to supply Europe with gas

Algeria offers to supply Europe with gas

Algeria's state-owned oil company has offered to increase its supply of natural gas to Europe in case of possible decline of supplies from Russia. Sonatrach CEO Toufik Hakkar made the announcement on Sunday saying that the firm was ready to pump additional gas to the EU from its surplus via the Transmed pipeline linking Algeria to Italy.