Botswana threats to severe ties with diamond giant De Beers

Botswana’s President Mokgweetsi Masisi has warned that his country may sever ties with diamond giant De Beers if talks to renegotiate a sales deal prove unfavorable to his government, AFP reports. Masisi also called on the nation to rally behind his government as it tries to hammer out a better deal. The country is Africa’s […]

US new State Secretary mentions excellent Morocco ties at Senate confirmation

During his Senate confirmation hearing for Secretary of State, Marco Rubio emphasized the excellent ties with Morocco and the potential for the Abraham Accords. Speaking on economic opportunities for US policy in West and North Africa, Rubio said “I look north to Morocco and other places where we have already seen substantial improvements,” he said. […]

Egypt postpones IPO for state-run Banque du Caire over covid-19

Egypt has postponed sine die the Initial Public Offering (IPO) to sell minority shares state-run Banque du Caire (BQDC.CA) due to spread of covid-19 contamination, reports say. The operation slated for mid-April on the Egyptian Stock Exchange aimed at selling the shares for about $500 million. The Bank Chairman Tarek Fayed, Reuters notes, told a […]