US State Department

Algeria: Lower house approves Investment bill limiting 49:51 rule

The People’s Assembly, Algeria’s lower house of parliament, adopted the 37 amendments of the bill on the promotion of investment and limited the controversial and strongly criticized 49:51 investment rule to “strategic sectors” only. The amendments were proposed by the committee of economic, development, industry, trade and planning affairs of the Assembly. The minister of […]

Sudan’s military leader shakes up military leadership

Sudan’s military leader, General Abdelfattah Al-Burhan, made Thursday changes in the army amid political and economic turmoil, Reuters reports. Al Burhan reshuffled the leadership of military’s land forces, operations, and supply heads as well as its general inspector. General Mohamed Osman Alhussein, chairman of the Joint Chiefs of Staff, has been kept in his position. […]

Guinea takes control of MTN Subsidiary Areeba Guinea, faces challenge of modernizing telecom operator

The Guinean Government has taken control of the telecommunications operator Areeba Guinea, previously owned by the South African group MTN. This move asserts Guinea’s sovereignty over its telecommunications sector, but the real challenge will be revitalising an operator that has fallen behind in modernizing its infrastructure. MTN Guinea had a 21% market share in the […]