Governments of highly indebted African countries need to take a number of steps to alleviate the stark trade-offs between servicing expensive debt, supporting high and growing development needs, and stabilizing domestic currencies. While South Africa’s elevated public debt at 74% of GDP has almost doubled over the last decade, Kenya’s debt interest payment as a […]
Interior Minister Omar al-Sinki of the Tobruk government that is internationally recognized as the Libyan government has arrived in the United Arab Emirates for a meeting with his homologue Saif bin Zayed Al Nahyan. Speaking to reporters about his mission, the Libyan Minister said he has come to seek for technical, logistical and political support […]
A total of 443,535,902 shares of the ‘’National Société Générale Bank’’ (NSGB) have been acquired by the Qatar National Bank (QNB) at a selling price of EGP 35.65 per share. The 100% acquisition of the shares cost the Qatari bank EGP 16.142bn. The NSGB is a subsidiary of the French Société Générale Bank in Egypt. […]
