russia-africa-summit oct 2019

Egypt, IMF ink $3bn new loan program deal

The International Monetary Fund (IMF) said on Thursday it had agreed a $3 billion Extended Fund Facility (EFF) over 46 months with Egypt, Reuters reports. The deal is part of a four-year international financing program worth a total of $9 billion which also includes $1 billion from the IMF’s Resilience and Sustainability Trust (RST) and […]

Transparency: Uganda joins EITI to attract local, foreign investment

Uganda has joined the Extractive Industries Transparency Initiative (EITI) in order to subject its oil industry to scrutiny and promote accountable management of revenues. Uganda discovered crude reserves more than 10 years ago but production has been repeatedly delayed by disagreements with field operators over taxes and development strategy. According to Uganda’s Minister for Finance, […]

Morocco’s RNI prepares leadership transition as Akhannouch confirms he will not seek another term

Morocco’s National Rally of Independents (RNI) is entering a pivotal transition after party president and current head of the government Aziz Akhannouch formally announced he will not seek a new mandate at the head of the ruling party. His decision clears the way for an extraordinary congress scheduled for February 7 in El Jadida, where […]