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Egypt, IMF ink $3bn new loan program deal

The International Monetary Fund (IMF) said on Thursday it had agreed a $3 billion Extended Fund Facility (EFF) over 46 months with Egypt, Reuters reports. The deal is part of a four-year international financing program worth a total of $9 billion which also includes $1 billion from the IMF’s Resilience and Sustainability Trust (RST) and […]

Italy’s Eni to Build Solar Plant in Algeria

Italy’s energy company Eni and Algeria’s state-owned hydrocarbons firm, Sonatrach, inked an agreement to build a solar plant to help the north African country reduce its dependency on gas. In addition to meeting local electricity demand, the plant would also free up more gas for the export market, local media said. The 10MW plant will […]

Private TV NCI wins broadcasting rights of FIFA World Cup 2022 in Côte d’Ivoire

Abidjan-based Private Television NCI has acquired exclusive broadcasting rights of the FIFA World Cup 2022 to take place in Qatar, in the West African country. “NCI is pleased to announce the acquisition of the exclusive rights to broadcast live the 28 best matches of the FIFA World Cup Qatar 2022 throughout the Ivorian territory, free […]