Algeria cuts spending as energy revenue forecast falls 50 percent

Photo©ReutersAlgeria will trim spending in its 2015 budget by 1.35 percent, expecting a slump in oil prices to reduce its energy earnings by 50 percent, the government said on Thursday.

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Algeria: Importers and bankers arrested in anti-corruption sweep

File Photo©ReutersAlgerian authorities have arrested 17 people including importers and bank officials as the country tightens control on imports and corruption to help counter the effect of low world oil prices, a judicial source and official media said on Sunday.

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Oil and Gas: Big Winners and Sore Losers

Delays, restructuring and stalling are expected as oil producers cut back. Photo©Kevin M. Law/ALL Canada Photos/CorbisExporting countries and producers large and small are reeling from the impact of the oil price's vertiginous drop over the past six months. The Africa Report looks at who is benefiting from the turmoil and who will be hurt the most.

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UAE-Africa: Dubai is back

Egypt’s head of state Abdul Fattah Al-Sisi shows Dubai’s ruler Sheikh Mohammed Bin Rashid Al-Maktoum, his plan for a new Cairo. Photo©APA Images/Zuma/REAWith lessons seemingly learned from the collapse of and delays to major projects during the financial crisis, Dubai and its African partners are looking to launch a new period of cooperation in trade and investment.

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Algeria: GDF Suez makes natural gas discovery

Photo©ReutersFrench utility GDF Suez said on Monday that gas had been discovered in a region of southeast Algeria where it holds a licence with partners.

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Energy: Africa to overtake U.S. in meeting LNG trade growth

File Photo©ReutersAfrican seaborne gas exports will play a bigger role in meeting global LNG trade growth than the United States, whose supply will be capped by mass domestic switching from coal to gas-fired power generation, the West's energy watchdog said on Wednesday.

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Robert Mugabe, Zimbabwe's absentee president

Zimbabwe's President Robert Mugabe. Photo©ReutersZimbabwe President Robert Mugabe on Monday flew to Algeria for a state visit amid a growing chorus for him to cut down on his now frequent foreign travels.

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Retail: French supermarket chain Carrefour returning to Algeria

Photo©ReutersCarrefour, the world's second-largest retailer after Wal-Mart, is preparing to return to Algeria after a six-year absence, as part of a drive to tap booming consumer demand in Africa.

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Oil and Gas: Algeria to drill first offshore well

File photo©ReutersAlgeria plans to drill its first offshore oil well by the end of 2015, having boosted annual refining output to 31 million tonnes at the end of last year, Energy Minister Youcef Yousfi said on Monday.

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Algeria aims to double diesel, petrol output

Photo©ReutersAlgeria plans to double its petrol and diesel output when three new oil refineries start production in 2018, the head of refining department at state energy firm Sonatrach said on Monday.

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Best and worst of Afcon 2015 tournament

Ivory Coast celebrates Afcon 2015 victory. Photo©Taimour LayAfter 32 games over 23 days, AFCON 2015 ended in Bata on Sunday with an emotional win for Ivory Coast over Ghana. Taimour Lay presents his highs and lows of the tournament.

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Afcon 2015 Final: Côte d'Ivoire end their long wait

 Ivory Coast's Yata Touré kisses his team mate and goal keeper, Boubacar Barry. Photo©Taimour Lay

After a goalless extra time at the 2015 African Cup of Nations finals, Les Elephants on Sunday unsettled Ghana's Black Stars with a sensational 9-8 penalty shootout victory.

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In Pictures: AFCON 2015 - Violence at Ghana / Equatorial Guinea semi final match

Photo©Taimour LayThe 2015 AFCON semi final match between Ghana and Equatorial Guinea will go down in history as probably the most chaotic as disgruntled fans of the losing team turned violent. Deep into the second-half, after Ghana's third goal, the missiles started to be directed at 500 Ghana fans gathered in a segregated corner. First it was bottles, then stones, then glass, all raining down on the pitch from Equatoguinean fans furious at perceived injustices at the hands of the referee. Ghana's fans, admirably restrained throughout, eventually made it to the opposite corner of the ground.

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AFCON 2015: Ghana reach final amid stadium violence

Avram Grant and his Ghana players look on as the stands are cleared during the 40 minute stoppage. Photo©Taimour LayDisgruntled Equatorial Guinea fans force semi-final in Malabo to be suspended for 40 minutes

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AFCON 2015 hosts Equatorial Guinea reach semis after controversial penalty

EG players celebrate their victory with home crowd. Photo©Taimour LayEquatorial Guinea reached the semi-finals of the 2015 African Cup of Nations amid controversy in Bata on Saturday night.

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AFCON 2015: DRC come back to win battle of the Congos

DRC fans celebrate in the upper tier of the stand after witnessing their team's fourth goal. Photo©Taimour LayA remarkable second-half turnaround at the quarter-final match between the national teams of the two Congos, Democratic Republic of Congo (DRC) and the Republic of Congo, gives DRC manager Ibenge a place in the semi-finals.

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Renard leads Cote d'Ivoire into quarters as AFCON 2015 heats up

Côte d'Ivoire's Max Gradel celebrates his goal. Photo©Taimour Lay for The Africa ReportIvory Coast qualified for the quarter-finals on Wednesday night after the tightest of 1-0 wins over Cameroon.

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Afcon 2015: Heavyweights endure group of death in Mongomo

Asamoah Gyan has returned for Ghana after a All four teams in Group C of the 2015 African Cup of Nations are still able to make quarter-finals.

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Fans and police clash at 2015 Africa Cup of Nations

Police vans surround Bata Stadium after clashes. Photo©Taimour LayArmed police and Equatorial Guinea fans clashed outside Bata Stadium on Wednesday night in a rare show of public disorder in the repressive west African state.

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Afcon 2015: Ghana stumbles, Senegal celebrates

Senegal team celebrates a dramatic victory over Ghana in Mongomo. Photo©Taimour Lay for The Africa ReportA thrilling late comeback by Senegal stunned Ghana in Mongomo on Tuesday night.

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