drugs seized

Riots in Algeria over Tax Hikes

The region of Bejaia, east of capital Algiers, was hit by violent protests against the new appropriation bill, which introduces new taxes and austerity measures on the backdrop of the dwindling hydrocarbon revenues. Dozen protesters and law enforcement members were injured in the riots that sparked in Bejaia and the nearby towns in the restive […]

EBRD to approve new $100 mln loan for Banque Misr to finance MSMEs

The European Bank for Reconstruction and Development (EBRD) is set to approve by end of May a $100 million loan program to Banque Misr, under the Financial Intermediaries Framework (“FIF”), to finance micro, small, and medium enterprises (MSMEs). The program, according to the EBRD website, will support BM’s lending to private MSMEs in Egypt, where […]

DR Congo: despite upbeat rhetoric, EAC troops fail to rein in M23 rebels

The East African Community Regional Force (EACRF) troops set up in 2022 to thwart the advance of insurgents, and most notably the armed group M23, in the eastern Democratic Republic of Congo (DRC), has since December 2022 been proclaiming progress, but on the ground, the rebels are still present and still attacking civilians. Created five […]