Libya passenger plane shelled by Khalifa haftar may 10 2020

UAE’s $1.4bn investment in Zimbabwe enhances ties as West and China retreat

The United Arab Emirates (UAE) has solidified its position as Zimbabwe’s most important partner, surpassing China with a strategic $1.4 billion investment in real estate, gold trading, and other sectors. This partnership, which began gaining momentum in 2022, marks a shift in global economic alliances as Zimbabwe continues to struggle with Western sanctions and a […]

Mauritania becomes second signatory state of the FEDA Establishment Agreement

Mauritania has signed the Agreement for the Establishment of the Fund for Export-Development in Africa (FEDA), a development impact-oriented subsidiary of the Afreximbank.   Mauritania becomes the second signatory of the FEDA Establishment Agreement after Rwanda which signed it in November 2020, afreximbank announced in a press release.   To complete the FEDA Legal Establishment, […]

Ghana seals debt restructuring deal, staves off default

Ghana had reached a deal with bondholders that will forgo nearly $5 billion in a sovereign debt restructuring deal that would help the country avoid default. The deal marks a key step in the country’s quest to restructure its $13 billion debt that left the country on the brink of financial collapse. Bondholders including Abrdn, […]