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Corruption scandal at a South African-based organization

An internal investigation was launched within the African Peer Review Mechanism (APRM), after several complaints were leveled against this instrument of the African Union for corruption, nepotism, favoritism and intimidation. Paris-based “Jeune Afrique” which reported the news said it took knowledge of the 26-page audit document drafted in July by APRM employees.   The document […]

Texas-based Apache Corporation contemplates investing $1.4 billion in Egypt in 2024

Texas-based Apache Corporation will inject additional $1.4 billion into the Egyptian oil sector, the company’s CEO John Christman told Egyptian Prime Minister Mustafa Madbouly on Sunday August 20. Apache Corporation is the USA’s largest investor in the North African country oil sector. The company according to Egyptian authorities, is poised to pump more investments and […]

Egypt launches investment fund for Nile Basin countries

Egypt has officially launched a Fund dedicated to investment in the Nile Basin, aimed at fostering development through collaboration with neighboring countries. This initiative was announced on October 14. The fund is designed to facilitate investment in development and infrastructure projects across the Nile Basin nations, adhering to strict economic standards to enhance project success […]