africom

Libya: Enough reserves for 4years, Central Bank

Despite the situation in Libya, analysts and politicians have defended that the country’s economy will be able to resist to the violence and political crisis for almost 5years. Libya is heavily dependent on oil and most of the goods that it consumes are imported but there are believes that it has enough reserves to keep […]

Egypt’s central bank hires Barclays Bank to advise on sale of stakes in United Bank

The Central Bank of Egypt (CBE) has handpicked Barclays Bank as an international sell-side advisor for the sale of its 99% stake in the state-owned United Bank, Egypt Today reports. Barclays will work alongside local financial advisor, CI Capital, the media also notes. United Bank is one of the 32 state-owned companies the Egyptian government […]

Sahara: Speaker of Latin American Parliament Supports UN-Led Efforts for Resolution of this Regional Conflict

Speaker of Latin America’s Parliament, Jorge Pizarro Estéban Soto, has voiced firm backing to the efforts made by the Secretary General of the United Nations for the resolution of the Sahara issue. Speaking to journalists after meeting Wednesday in Rabat Moroccan foreign minister Nasser Bourita, Mr. Estéban Soto said talks were an opportunity for the […]