The European Bank for Reconstruction & Development (EBRD) announced Wednesday a $44 million loan for the Egyptian dairy and juice producer, Beyti. The money will enable the company to refinance existing short-term loans with a longer tenor loan more suitable for its investment and development phase. The EBRD loan will also help the Egyptian company […]
DP World has appointed Portuguese construction giant Mota-Engil to oversee the development of the Banana Port, the Democratic Republic of Congo’s (DRC) first deep-water maritime gateway. Located in Kongo Central province along the Atlantic coast, the port is expected to revolutionize trade in the DRC and strengthen regional economic networks. Banana Port, one of Africa’s […]
Ethiopia’s army chief of staff and the regional president of the northern state of Amhara were killed in two related attacks over the weekend. Amhara President Ambachew Mekonnen was killed in his offices by ‘mercenaries’ in Bahir Dar, while the army chief, Seare Mekonnen, was shot dead in Addis Ababa, the office of Ethiopian Prime […]
