The African Development Bank, through its Financial Sector Development’s Trade Finance operations, has launched a Transaction Guarantee instrument designed to provide up to 100% cover for non-payment risk to regional and international banks, for trade transactions initiated by local banks in Africa. The guarantee will cover an array of trade finance instruments, including confirmed letters […]
The International Criminal Court (ICC) chief prosecutor has called for the establishment of a special tribunal to address the persistent violence and atrocities in the Democratic Republic of Congo (DRC). Despite the ICC’s efforts, including recent convictions, Karim Khan acknowledged that international courts have failed to halt the decades-long cycles of violence in the DRC, […]
Algeria has launched a new strategy called the “new economic growth model” aiming to diversify the economy and draw more investments to compensate for the collapse in oil prices. Yet, poor governance, insecurity, vested interests and regime opacity cast doubt on the success of the strategy. In an article on Foreign Policy, Robert Looney, describes […]
