Italian military

Sub-Saharan Africa holds $193bn renewables investment opportunity, high ROI, study shows

Sub-Saharan Africa offers opportunity for a $193-billion investment in renewable energy sector by 2031, including utility-scale wind, solar, storage and transmission projects, which may yield an internal rate of return of 15% to 21%, much higher than with similar projects in Europe and the United States, according to a new study. “Africa represents a significantly […]

Algeria: Former Minister sentenced to 7 years in prison for corruption

Former Algerian Finance Minister Mohamed Loukal was sentenced on Thursday to seven years in prison for corruption. The financial and economic criminal division of the Court of Sidi M’hamed (Algiers) prosecuted Loukal for his involvement in corruption cases, under his position as former director general of the External Bank of Algeria (BEA), local media reported. […]

Tobruk-based parliament calls on Egypt to intervene in Libya against Turkey

Libya’s Tobruk-based parliament has called on Egypt to operate a military intervention in view of flashing out Turkey that it accuses of invading the oil-rich country. The House of Representatives (HoR), close to Egypt-backed retired Gen. Khalifa Haftar, in a statement invited Libya’s Eastern neighbor to intervene “if there is an imminent threat to the […]