Nigerian air force

Angola’s first successful IPO may pave way for privatization of conglomerates

In a major development in Africa’s capital markets, Angola has launched its first initial public offering (IPO), which could lead to a slew of privatizations of some of the country’s biggest conglomerates. In June, Banco BAI, Angola’s largest private bank, floated a 10% stake following the country’s first initial public offering (IPO), viewed by observers […]

Egypt signed Sunday a $1.5 billion Annual Work Program with the International

Egypt signed Sunday a $1.5 billion Annual Work Program with the International Islamic Trade Finance Corporation (ITFC), an autonomous entity within the Islamic Development Bank (IsDB) Group, to provide integrated financing solutions to the Arab country. Under the agreement, ITFC will deliver Egypt $1.5 billion integrated financing solutions, meant to enhance the country’s capacity to […]

Niger rulers suspend BBC for three months

Niger’s military authorities suspended British broadcaster the BBC for three months accusing it of spreading false news and undermining troops’ morale. The decision came after the BBC broadcasted in local Hausa language that an attack killed more than 90 Nigerien soldiers and 40 civilians in two Niger villages near the border with Burkina Faso. Niamey […]