Saudi Arabia has put a plan by its sovereign wealth fund to acquire the United Bank of Egypt on hold because of a disagreement with the Egyptian authorities over its valuation, Reuters reports citing two sources familiar with the matter. The pause is unprecedented in the spree of investments done by the Gulf country in […]
To protect its abundant natural resources, African countries need to make concerted efforts to combat illicit resource trade, according to reports from the African Development Bank (AfDB) and United Nations Environment Program (UNEP). Africa boasts a significant amount of the world’s natural resources, both renewable and non-renewable, including arable land, oil, natural gas, minerals and […]
Sylvia Bongo Ondimba, wife of Gabon’s former leader Ali Bongo Ondimba, will remain in detention in Libreville main prison after the investigative judge turned down her defense team’s bailout request, ‘Gabon Review’ reports. The Franco-Gabonese woman was sent to prison on October 12, after long hours of hearing in an alleged case of money laundering […]
