zambie-maroc

Chinese oil firm loans Niger $400 million

China National Petroleum Corporation (CNPC) agreed to offer a loan of 400 million dollars to the Niger government, which is struggling with the impact of sanctions. The loan is seen as one of the first steps to wean financial dependence on the West, with whom the military rulers are increasingly at odds, going as far […]

Egyptian Fintech Firm Telda secures $20 million in seed funding

Cairo-based fintech startup, Telda, has landed $20 million in seeding funding from several investors including Jack Dorsey, former Twitter Chief Executive Officer, Bloomberg reports. The seed fund will serve the expansion into new markets. Telda also plans to use the money to build its product offering. “In Egypt dealing with money is still a complicated […]

EU urges Rwanda to stop backing M23 rebels in east DRC

The European Union has urged Rwanda to stop supporting the M23 rebel group, which has captured swaths of territory in the North Kivu province of neighboring Democratic Republic of Congo (DRC). Rwanda must “stop supporting the M23 and use all means to press the M23 to comply with the decisions taken by the EAC (East […]