BP mulls plans to invest $3.5bn in Egypt over next three years

British Petroleum (BP), an oil and gas global giant, announced Monday August 28 plans to inject $3.5 billion in Egypt for the next three years. BP’s chief executive Bernard Looney made the announcement after meeting with President Abdelfattah al-Sisi. The investments will go towards research, exploration and development, the office of the Egyptian leader announced. […]

Tunisia: Ennahdha pushes to ouster PM Mechichi – Business News

Tunisia’s largest party in parliament, Ennahdha, is in talks with the country’s powerful labor union UGTT to replace Prime Minister Hichem Mechichi as part of solutions to end the political crisis that has gripped the North African country, local Business News has reported. Citing unnamed sources, the media argues that the party and the union […]

U.S. calls on Rwanda to stop backing armed groups in DRC

Antony Blinken, the US top diplomat, has urged Rwanda to stop providing support for rebel groups including M23 that have been accused of crimes in the Democratic Republic of Congo (DRC), the State Department has announced. Ned Price, the spokesperson of the department said Blinken held a telephone conversation with President Paul Kagame and indicated […]