Fresh financing deal: Egypt gets $1.5 billion from ITFC to finance petroleum & basic commodities imports

The International Islamic Trade Finance Corporation (ITFC) will provide Egypt with $1.5 billion, a new financing agreement earmarked for imports of petroleum and basic commodities. Hani Sonbol, ITFC CEO announced the agreement to Bloomberg Asharq adding that the amount includes $800 million for petroleum imports and $700 million for basic commodities. The new deal is […]

Khouribga film festival: “L’Automne des Pommiers” by Mohamed Mouftakir wins Grand Prize

The feature movie “L’Automne des Pommiers” by Moroccan director Mohamed Mouftakir was awarded the Grand Prize of the 22nd edition of the International Festival of African Cinema of Khouribga (FICAK). Burkinabé cinema was the guest of honor at the 22nd FICAK edition, held from May 28 to June 4 in Khouribga. Five films by renowned […]

Nouakchott in Danger of Being Swallowed by the Sea

Climate change is taking a toll on Mauritania’s capital Nouakchott coupled with rising sea levels, lack of sanitation and rising population growth, Alex Duval Smith wrote for the Guardian from Nouakchott. “Much of the city is at or below sea level, protected from the ocean only by an eroding dune,” deplored Smith who recommended moving […]