Egypt General authority for Investment and Free Zones

IFC lends OCP 100 mln euros to build four solar plants

The International Finance Corporation (IFC), an offshoot of the World Bank, agreed to lend Morocco’s phosphates and fertilizers giant OCP 100 million euros to fund the building of four solar plants, the two parties said. The agreement was announced during the International Monetary Fund-World Bank Group Spring Meetings in Washington DC. The green loan will […]

South Sudan: fears of new civil war as vice president arrested on ‘unclear charges’

Tensions in South Sudan have further escalated following the arrest of first vice president Riek Machar, raising fears of a return to civil war. A convoy of heavily armed vehicles reportedly entered Machar’s residence in Juba on Wednesday (26 March), where he was detained without clear charges, violating constitutional procedures. The arrest, which comes after […]

Eight candidates join race to succeed AfDB president Adesina in 2025

With the two-term tenure of African Development Bank (AfDB) president Akinwumi Adesina coming to an end by May 2025, a total of eight candidates, including from South Africa, Algeria, Senegal, Zambia, and Mauritania, are in race to succeed him. The race is beginning to heat up with candidates across Africa declaring their intention to replace […]