Kanga Potash, a world class, low-cost potash project developer, is seeking to raise about $500m for the first phase of its potash development project north of Pointe Noire in the Republic of Congo. According to the company’s executive chairman Stéphane Rigny, about 60% of the amount will be debt and 40% equity, including some mezzanine […]
The eight countries of the West African CFA franc zone plan to issue 2.723 trillion CFA francs ($4.82 billion) in debt in 2019, Reuters reported. Member countries using the West African CFA franc – a currency pegged to the euro – include Ivory Coast, Senegal, Guinea-Bissau, Mali, Burkina Faso, Niger, Togo and Benin. They share […]
Algeria’s ruling party, the National Liberation Front (FLN), was taken by surprise Saturday as the party’s Secretary Amar Sadaani announced his resignation reportedly at the demand of the party’s long-standing president Abdel Aziz Bouteflika. His resignation, according to analysts, is a clear sign of friction between a group around President Bouteflika and a group of […]
