Battered by the oil price slump, the underdeveloped banking sector in Algeria sees new financing sources in Islamic finance to tap into the huge informal economy and catch up with Morocco and Tunisia, which have already allowed such participatory banks to operate. As it edges towards offering banking services to suit more religiously conservative investors, […]
Egypt has officially launched a Fund dedicated to investment in the Nile Basin, aimed at fostering development through collaboration with neighboring countries. This initiative was announced on October 14. The fund is designed to facilitate investment in development and infrastructure projects across the Nile Basin nations, adhering to strict economic standards to enhance project success […]
A French inter-ministerial Committee overseeing export of military equipment, CIEEMG, has vetoed the delivery of four AML90 armored vehicles to Gabon over fear that the equipment might be used to crackdown on protests during next year’s coming presidential elections, Africa Intelligence reports. The move, France-based media notes, came following pressure by Direction Afrique et océan […]
