Kenya and Uganda have secured a major legal victory after the London Court of International Arbitration (LCIA) dismissed a $2 billion claim filed by Rift Valley Railways (RVR) consortium over a terminated railway concession. The dispute stemmed from a 25-year agreement signed in 2006, granting RVR the right to manage and operate the 2,350-kilometer Kenya-Uganda […]
Ghana’s vice president and ruling New Patriotic Party (NPP) candidate, Mahamudu Bawumia, has conceded defeat in the country’s highly contested presidential election and congratulated his main opponent, former president John Dramani Mahama, for winning another term as the west African country’s leader. “The people of Ghana have spoken, the people have voted for change at […]
The second route to the Suez Canal, a gigantic project announced shortly after the coming to power of President Abdel Fattah el-Sisi, will be inaugurated in Egypt on August 6, President el-Sisi said in a televised address. “The dry digging in the new canal has been 100% completed,” Sisi said, adding that 65% of dredge […]
