rex-tillerson-egyptian FM

IFC to invest $100m in Nairobi-listed Diamond Trust Bank to back SMEs hit by pandemic

International Finance Corporation (IFC) will invest 12.18 billion shillings ($100 million) in Nairobi-listed Diamond Trust Bank (DTB) to support small and medium enterprises (SMEs) impacted by Covid-19, Zawya reports, citing Kenyan Wall Street newspaper. The investment will be in senior debt under its Covid-19 emergency response working capital solutions scheme (WCS FIGE). IFC initiated the […]

Egypt: Sisi Receives Backing of US Republicans Despites Poor Human Rights Record

US Republicans Sunday stunned the world as they threw support behind Egyptian strongman al-Sisi calling him “the right man at the right time” to lead Egypt even as the latter is lambasted by right groups and the Obama Administration for the gloomy human rights situation in Egypt. A group of US Republicans led by war-thirsty […]

Senegal: Kosmos Energy confirms large-scale gas find offshore

The US oil and gas exploration company, Kosmos Energy has confirmed a large-scale gas find at its Yakaar-2 appraisal well, offshore Senegal. In a statement released this week, Kosmos said the Yakaar-2 appraisal well has encountered approximately 30 meters of net gas pay in a similar high-quality Cenomanian reservoir to the Yakaar-1 exploration well, continuing […]