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Botswana moves to reclaim diamond legacy with De Beers takeover

Botswana is racing to finalize a deal for majority control of diamond giant De Beers by the end of October, as President Duma Boko declares the move “a matter of economic sovereignty for Botswana.” The southern African nation, already holding 15% of De Beers, is negotiating with Anglo American, which is divesting its 85% stake […]

Egypt: Economy shows signs of revival, two new ministries underway

The Egyptian government has received a big boost after it sold $1.5 billion of 10-year bonds at a yield of 6% with lead managers claiming that $4.5 billion of investor orders were attracted by the bond issuance. The success of this first international bond issuance under Sisi’s government shows signs of a return to normality […]

Algeria wages a trade war it can’t win on France

Oil and gas dependent Algeria launched the first episode of its trade war against France by banning imports of French wheat. The decision comes amid worsening ties between Paris and Algiers. The Algerian military-held state criticizes France for its sovereign decision to back Morocco’s sovereignty over the Sahara. In 2023, the bulk of Algeria’s exports […]