The Kenyan National Environmental Court has ordered the suspension of the controversial project to build a coal-fired power plant on the Lamu Archipelago. Although the government sees the $2 billion Chinese financed project a sure way to promote economic growth, create jobs and secure an energy source for the future, Kenyans condemn the move. A […]
Facing a continuous rise in non-performing loans on Moroccan bank balance sheets, the International Finance Corporation (IFC) and German group EOS Holding are preparing an investment vehicle worth up to 60 million euros. The operation aims to create new capacity for buying and managing distressed assets while helping a secondary market for bad debt emerge […]
Tunisia’s Transport ministry has moved to suspend Bolt, one of the country’s leading ride-hailing services, over allegations of tax evasion, money laundering, and operating without the proper licenses. Ministry officials revealed that they had seized 12 million dinars ($3.8 million) from accounts connected to several apps, including Bolt, asserting that the funds were illegally transferred […]
