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Somalia’s Puntland claims victory over Islamic State, but future challenges remain
After nearly two months of intense combat, Puntland forces in Somalia claim to have successfully pushed back Islamic State (IS) militants, dealing significant blows to the terror group in the region. However, despite recent victories, experts warn that the IS may attempt to regroup and continue its operations across the Horn of Africa. The offensive, […]
Egypt to float military-owned firms as part of economic reform drive
Egypt is preparing to list stakes in several military-affiliated companies on the stock exchange, in a major step towards reducing state control and encouraging private sector participation in the economy. Prime Minister Mostafa Madbouly announced the move following the signing of an agreement between the Sovereign Fund of Egypt, the Armed Forces’ National Service Projects […]
Tanzania doubles its FDI inflows to over $1bn in 3Q, reflecting investor confidence
Tanzania’s Foreign Direct Investment (FDI) figures went up almost twofold year-on-year to $1.05 billion between July and September against $524.4 million in the same period last year, a positive development that is widely attributed to growing investor confidence in the East African country. Released by the state-run Tanzania Investment Centre (TIC) in its quarterly bulletin […]



