BECIJ

DR Congo: Fighting flares up as army clashes with M23 rebels around strategic highway

Congolese army clashed with M23 rebels around a strategic highway in eastern Democratic Republic of Congo on Thursday (27 October), following a recent flare-up between the two sides. The M23, a mostly Congolese Tutsi group, resumed fighting in late 2021 after lying dormant for years. It has since captured swathes of territory in North Kivu […]

Egypt: QNB finally takes over NSGB

A total of 443,535,902 shares of the ‘’National Société Générale Bank’’ (NSGB) have been acquired by the Qatar National Bank (QNB) at a selling price of EGP 35.65 per share. The 100% acquisition of the shares cost the Qatari bank EGP 16.142bn. The NSGB is a subsidiary of the French Société Générale Bank in Egypt. […]

Egypt Gets $87 million from OPIC to support Ras Gharib wind farm project

The US government’s development finance institution, the Overseas Private Investment Corporation (OPIC), has approved an $87 million loan to Lekela Egypt Wind Power BOO. According to local media, Lekela Egypt Wind Power BOO, a subsidiary of Lekela Power, an independent power producer (IPP) based in Amsterdam, Netherlands, will use the loan to develop the Ras […]