The head of the Libyan Investment Authority (LIA), Mohsen Derregia, who has been sacked by Prime Minister Ali Zeidan but still reluctant to leave office, has said that the decision is costing the country millions. He was replaced under a government policy but the decision is being challenged in court. The defiant Derregia claimed that […]
Kenya’s High Court has temporarily blocked a proposed 30-year lease deal that would have given India’s Adani Group control over the country’s main airport. The Law Society of Kenya and the Kenya Human Rights Commission jointly filed an application arguing that the country could independently fund the $1.85 billion airport upgrade. The petitioners claim the […]
East African central banks are being forced to hike interest rates to contain renewed inflationary pressures emanating from surging shipping and insurance costs due to the disrupted crucial trade routes between Europe, the Middle East, and Asia in the Red Sea. The ongoing Red Sea crisis, involving attacks by the Iran-supported Houthi group based in […]
