The-Economist

Morocco Acquires Stakes in Development Bank of Central African States.

Morocco finalized an equity investment deal worth €10 billion with the Development Bank of Central African States, a move that further strengthens Morocco’s financial footprint on the continent. The deal was signed in Rabat this week by Morocco’s economy Minister Mohamed Boussaid and the vice president of the Development Bank of Central African States Zounguere […]

Mauritania gets submarine cable connection

The first phase of the submarine cable ACE (Africa Coast to Europe) which connects coastal countries has been launched by France Telecom-Orange and other members of the ACE consortium. The cable provides access to high-speed Internet to beneficiaries and brings additional capacity to existing international networks. Mauritania with twelve other countries will be benefiting from […]

Libya has little chance of holding elections this year – Fathi Bashagha

Fathi Bashagha, one of Libya’s rival Prime Ministers, has said that the oil-rich African country has little chance of holding elections this year. Without a unified government “there will be no elections and chaos will continue”, he told Bloomberg in an interview. Fathi Bashagha, who is engaged in a stand-off over the premiership with Abdul […]