Ethiopia has rejected the World Bank’s (WB) mediation over the row with Egypt concerning the repercussions of the giant hydroelectric dam Addis Ababa is building on the Nile River, Cairo deeming the project threatens its water security. The Ethiopian stance was expressed by Prime Minister Hailemariam Desalegn on Sunday. “Ethiopia will not accept Egypt’s request […]
The Permanent Representatives of several African countries to the African Union welcomed the initiative of King Mohammed VI to grant medical aid to support sisterly African nations in their efforts to fight the COVID-19 pandemic. African diplomats expressed their heartfelt thanks to the Monarch and lauded the Kingdom’s active solidarity with the African continent. “Our […]
The inclusion of Nigeria and South Africa, the continent’s leading economies, on a ‘gray list’ by the Financial Action Task Force (FATF) could present far-reaching setbacks to the two countries’ economic growth. The warning by the Paris-based FATF, a global anti-money laundering and terrorism financing watchdog, comes in the midst of a difficult financial phase […]
