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Botswana to buy 24% stake in Belgian diamond trader HB Antwerp
The Botswana government announced Monday that it will buy a 24% stake in the Belgian gem trader HB Antwerp, a move that is seen as a possible challenge to De Beers’s dominance of the southern African nation’s diamond industry. “Today is the dawn of a new era of a diamond industry in Botswana as we […]
IFC to Expand Infrastructure Investment in Morocco, Tunisia
The International Finance Corporation (IFC), the World Bank’s private sector arm, said it plans to invest $373 million in Maghreb nations, mostly in Morocco and Tunisia as the two nations cut spending to reduce budget deficits. IFC investments in the region are designed to help the two North African governments form private-public partnerships to help […]
Egypt: al-Sissi promises peaceful Parliamentary elections
Al-Sissi Monday promised to ensure a peaceful unfolding of the parliamentary elections set for October and November. The Egyptian president who has been running Egypt without any elected parliament is under international fire which criticizes him of ruling the country with iron hand and failing to materialize his promise to organize free, fair and democratic […]



