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Egypt negotiates World Bank loan

Negotiations for a loan agreement have commenced between the World Bank and the Egyptian government for the financing of the privatization and restructuring of the public sector. The government is being urged by Dr. Fakhry El-Fekky, the former International Monetary Fund’s assistant managing director to uphold the privatization process that was began by the former […]

Kenya and Uganda win $2bn railway arbitration case in London

Kenya and Uganda have secured a major legal victory after the London Court of International Arbitration (LCIA) dismissed a $2 billion claim filed by Rift Valley Railways (RVR) consortium over a terminated railway concession. The dispute stemmed from a 25-year agreement signed in 2006, granting RVR the right to manage and operate the 2,350-kilometer Kenya-Uganda […]

Libyan PM Safe after Attack in Eastern City

Libyan Prime Minister Ali Zaidan Tuesday survived an attack by a group of armed men in the city of al-Baida, about 200km east of Benghazi, local media reported. Members of the armed group, reportedly the Ali Hassan Al-Jaber brigade, attacked the building where the Prime Minister was due to hold a meeting with members of […]