The Algerian government has been interested in buying additional 21% shares in the Annaba unit of the steel producing company, ArcelorMittal, for 200 million USD. As the state already owns 30% of the firm, such a transaction would make the Algerian government a de facto majority shareholder and owner of ArcelorMittal. The government reportedly wants […]
Italian-Swedish diplomat Staffan de Mistura has been reportedly picked by the UN Secretary General to be the next Sahara envoy in replacement of German Hosrt Kohler who resigned in May 2019 for “health reasons”. Mr.Staffan, 74, had served as UN special envoy for Syria (2014 to 2019), special representative of UN Secretary General for […]
The Tony Elumelu Foundation (TEF), the leading African philanthropy committed to empowering African entrepreneurs, will hold this year’s entrepreneurs’ summit in Abuja. TEF’s gathering, which is in its fifth year is set to take place July 26 – 27 in Nigeria’s federal capital Abuja with the participation of entrepreneurs from 54 countries. The event is […]
