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S&P Lowers Egypt’s Credit Rating Outlook to Negative
World rating agency Standard & Poors has downgraded its long-term foreign- and local-currency sovereign credit ratings of Egypt to ‘B-‘ from ‘B’. It has also switched its outlook is negative, citing recent political developments that weakened Egypt’s institutions and the increasingly polarized political discourse that could undermine the effectiveness of policy-making. According to S&P, a […]
Côte d’Ivoire: SUNU Group withdraws from State-controlled BICICI
Sunu Finance group has pulled out as main shareholder from Cote Ivoire’s trade and industry bank BICICI now controlled by a State-run consortium, “Sika Finance” reports. The holding has sold its 19.11 shares for $35.6 million to Abidjan-based Brandon & MCain Capital, an investment firm founded by Ahmed Cisse, the President of Côte d’Ivoire’s employers’ […]
Gabon: Transition Committee grants deposed leader Ali Bongo permission to travel abroad
The Committee for the Transition and Restoration of Institutions (CTRI) in Gabon Wednesday September 6 set free ousted leader Ali Bongo placed under house arrest since August 30. The permission came following a meeting between Bongo and Central Africa Republic (CAR) President, envoy of the Economic Community of Central African States (ECCAS) Faustin Archange Touadera. […]



