Russia, India to move away from US dollar in their trade exchanges with Africa

Trade exchanges between Russia and Africa should move away from the US dollar and be facilitated by transition to national currencies, Russian President Vladimir Putin has said, just as Tanzania and India have inked an agreement establishing a platform by which their bilateral trade will be carried out in their own currencies, not the dollar. […]

UN Report Slams Mauritanian Authorities for Discriminating against Afro-Mauritanians

Mauritanian authorities were strongly criticized in a UN report for discriminating against the Haratins and Afro-Mauritanians who remain excluded from all positions of power coupled with economic and social marginalization. “Haratines and Afro-Mauritanians are excluded from almost all positions of real power and many aspects of economic and social life, which has the consequence of […]

Egypt : Qaala Holding divests stake in Pharos at $ 5.3 million deal

The investment firm Qaala Holding, previously known under the name of Citadel Capital, sold its direct and indirect shareholdings in Pharos Holding for Financial Investments, which amount to 80%, in a deal of 40 million Egyptian pounds ($ 5.3 million). According to the company’s statement, the divestiture is part of its plans to sell non-core […]