Gabon has converted $163 million, a third of its debt, into funds to protect its oceans, US-based NGO The Nature Conservancy (TNC) and the Government of the central African country said Tuesday August 15. The swap operation marks “the start of a 15-year conservation project… to help Gabon finance ocean protection and management for 30 […]
The House of Representatives, Libya’s parliament based in Tobruk, has rejected a team of cabinet ministers presented by Prime Minister Abdullah al-Thinni to form the new government. The rejection comes as another blow to the political transition of a country that seems to head for a civil war. According to Speaker Faraj Hashim, one of […]
There are reports that Egyptian banks have been ordered by the Central Bank to refrain from doing business with some banks in African and Arab countries amongst which are Qatar, Libya, Syria and Sudan. The central bank’s decision is aimed at reducing the scale of money laundering in compliance with the anti-money laundering laws. Several […]
