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Mauritania, IsDB ink 2024-2026 support strategy framework agreement

Mauritania and the Islamic Development Bank (IsDB) signed Monday October 23 a new support strategy framework agreement under which the Saudi Arabia-based institution will provide further assistance to the North African country in the 2024-2026 period. Abdessalam ould Mohamed Saleh, Mauritania’s Minister of Economy and Sustainable Development and the IsDB President Muhammad Al Jasser signed […]

Benin gets €80 million-loan from AfDB to upgrade Cotonou Port

Benin has secured an 80 million euros loan facility from the African Development Bank (AfDB) to improve and expand Cotonou harbor, one of the main maritime access points for landlocked countries in West Africa. The loan is split into two: €55 million from the African Development Bank and €25 million from Africa Growing Together Fund, […]

Italy to Sell Egypt Two Frigates as Ties are Thawing

Italy is on the verge on selling two FREMM frigates to Egypt as relation between the two countries are improving. The talks for the sale of the two vessels, in the pipeline for some time, have been confirmed by Italy’s Foreign Minister, Luigi Di Maio, and by Fincantieri CEO, Giuseppe Bono, Defense News reports. The […]