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US warning: African nations to be ‘punished’ if they trade in US-sanctioned commodities
African nations are free to buy grain from Russia but could face consequences if they trade in US-sanctioned commodities such as Russian oil, the US ambassador to the United Nations warned Thursday. “Countries can buy Russian agricultural products, including fertilizer and wheat,” Linda Thomas-Greenfield said during her visit to Uganda’s capital city Kampala, after a […]
AfDB launches transaction guarantee to support SMEs, trade in Africa
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 […]
Negotiations underway on the deployment of Arab forces along the Egypt-Gaza border
Negotiations are reportedly advancing on a potential deployment of Arab forces along the Egypt-Gaza border, specifically in the Philadelphia Corridor, as part of post-conflict arrangements for the Gaza Strip, according to Israeli media reports on December 11. The proposal, spearheaded by the United Arab Emirates, has been presented to Egypt following discussions with several Arab […]



