Sahara group &South sudan

Egypt: US embassy staff banned from visiting religious sites outside Cairo

The US embassy in Cairo Monday instructed its staff to avoid religious sites outside Cairo as attacks against Coptic Christians multiply. The embassy said on its website that risk for possible additional attacks is still high. “Terrorists have attacked targets associated with the Christian community in Egypt. Incidents have occurred in both urban and isolated […]

Central Bank of Mauritania suspends Société Générale Mauritanie buyout by Burkina Faso-based Coris Holding

The Central bank of Mauritania, BCM, has reportedly suspended the acquisition of Société Générale Mauritanie, the subsidiary of Paris-based Société Générale, by Burkina Faso-based Coris Holding over an alleged fraud accusation leveled at Coris. Société Générale in June 2023 announced the sales of several of its subsidiaries in the southern Sahara including Mauritania. The bank […]

African govts in fiscal bind amid high interest rates and debt squeeze

With the interest rates likely to stay high in 2024, governments across Africa are presented with a unique challenge and dilemma as they struggle to pay off rising levels of accumulated debt at the same time as they are being urged by the International Monetary Fund (IMF) to cut costly fuel subsidies and raise more […]