African Union Inaugurates New HQ of Intelligence and Security Services

Saudi Fund, Mauritania ink $40m loan deal

The Saudi Fund for Development, SFD, provided Monday December 18 Mauritania with a soft credit line of $40 million earmarked for the construction and equipment of two educational institutes that are specialized in key sectors of the economy. The deal was signed by SFD CEO Sultan Al-Marshad and Mauritania’s Minister of Economy and Sustainable Development, […]

Libyan oil behind rise in OPEC output

OPEC oil production increased from its lowest levels this year, on the back of a surge in Libyan oil output, Reuters reported. The Libyan oil production increased following the settlement of a crisis that left the central bank in uncharted territory. Libyan output has fully recovered after the country’s eastern-based government and Tripoli-based National Oil […]

OAPI-AGF €60 million partnership to commercialize 1,000 African patents by 2030

The African Organization for Intellectual Property (OAPI) and the African Guarantee Fund (AGF) have launched a €60.9 million partnership to finance 1,000 innovative projects across 17 African countries by 2030. The agreement, signed this week, aims to transform patents into viable commercial ventures in countries including Burkina Faso, Cameroon, Côte d’Ivoire, Mali, Mauritania, and Senegal. […]