Cosumar

South Sudan seeks $2.5 billion in oil-backed loans mid rising debt concerns

South Sudan has confirmed it requested $2.5 billion in oil-backed loans from two international firms, exceeding the country’s annual budget of less than $2 billion. The Petroleum ministry said on Thursday that the requests, sent in late October, were preliminary and intended solely for official Government purposes. The loans comprise $1 billion from ONGC Nile […]

DRC’s east ‘at breaking point’ as M23’s advances worsen security, humanitarian crises

The security and humanitarian situation in the eastern Democratic Republic of the Congo (DRC) has further deteriorated, despite the recently held peaceful elections, as M23 rebels continue to expand its territory, the United Nations has warned. The armed group M23 “is making significant advances and expanding its territory to unprecedented levels,” Bintou Keita, the head […]

Postponement of Francophonie 18th Summit to 2022

The Francophonie summit, scheduled to take place in Djerba, Tunisia, in November, has been postponed to the Fall of 2022.   The decision, made at a meeting of the Permanent Council of the International Organization of the Francophonie (OIF) on Tuesday, October 12, has yet to be ratified by the ministers, but there seems to […]