Africa coronavirus

French ex-president faces 10 years in prison over alleged Libyan campaign financing

Former French president Nicolas Sarkozy is facing a potential 10-year prison sentence as his trial over alleged corruption linked to his 2007 presidential campaign continues in Paris. Sarkozy is accused of striking a “corruption pact” with the late Libyan leader Muammar Gaddafi, who allegedly funded Sarkozy’s campaign in exchange for political favors. The prosecution argues […]

Tunisia: Fitch revises issuers after recalibration

Four issuers in Tunisia have been affected by a recent review exercise for new ratings. Fitch Ratings said it carried out the review due to a recent recalibration of the Tunisian National scale in a released statement. The recalibration of the Tunisian National scale follows Fitch Ratings downgrade of Tunisia’s sovereign rating and country ceiling […]

Iran reportedly bought 300 tons of uranium from Niger

Iran bought 300 tons of uranium from Niger to be used for its nuclear program in exchange of drones and surface-to-air missiles, London-based media Iran International reported. The news came in a long report earlier this month by Iranian-American reporter Banafsheh Zand, echoing an earlier report on Africa Intelligence that raised secret talks between Tehran […]