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Afreximbank approves $200 million for Uganda crude pipeline as NGOs denounce the project

Afreximbank has approved $200 million toward financing of a contested oil pipeline to export Uganda’s crude, while a report released by two environmental NGOs has warned of potentially “unacceptable” damage caused by a controversial project involving French oil giant TotalEnergies and China’s National Offshore Oil Corporation (CNOOC). The Nigeria-based bank was also willing to finance […]

Drop in Cashew exports disrupts financial balances in Guinea Bissau- World Bank

The economy of Guinea Bissau remains highly dependent on Cashew nuts, whose exports dropped significantly last year depriving the country of much needed revenue to diversify the economy and curb poverty, the World Bank said. “While cashew production reached 260 thousand tons, the highest production yield on record, only 170 thousand tons were exported by […]

Tunisia Moves to Tighten Naturalization Rules with New Citizenship Bill

A group of Tunisian lawmakers has submitted a comprehensive proposal of law to Parliament aimed at overhauling key sections of the country’s nationality Code in a bid to tighten eligibility for citizenship and adapt provisions relating to birthright nationality.   Under the draft legislation, naturalization would be conditioned on legal entry and a continuous seven-year […]