In a surprising shift atop Africa’s wealth pyramid, South African business magnate Johann Rupert has claimed the title of the continent’s richest person, surpassing long-time leader Aliko Dangote of Nigeria. This changing of the guard reflects the volatile nature of global markets and regional economies. Rupert, the 74-year-old mastermind behind the world’s largest luxury watchmaker, […]
Uganda has joined the Extractive Industries Transparency Initiative (EITI) in order to subject its oil industry to scrutiny and promote accountable management of revenues. Uganda discovered crude reserves more than 10 years ago but production has been repeatedly delayed by disagreements with field operators over taxes and development strategy. According to Uganda’s Minister for Finance, […]
Head of the Tunisian government, Youssef Chahed, is paying on June 18-19 an official visit to Morocco where he will attend the 19th session of the Moroccan-Tunisian High Joint Committee. Leading a delegation comprising several Tunisian cabinet members, Chahed will hold talk with his Moroccan counterpart Saad Eddine El Othmani on a set of issues […]
