Egyptian Kuwaiti Holding EKH

NOC transfers $8bn to GNU administration

Libya’s National Oil Corporation has transferred $8 billion to the count of the Finance Ministry of the Government of National Unity (GNU) of Prime Minister Abdul Hamid Dbeibeh who has refused to give up power despite his removal by the country’s parliament. The funds, into two installments, have been sent to the Central Bank of […]

Ethiopia: 29 injured in a bomb attack

Some 29 people were injured in a bomb attack on Sunday in the town of Ambo (100 km west of Addis Ababa). The attack targeted a rally staged in support of the party of Ethiopian Prime Minister Abiy Ahmed. “The bombing of a Dr Abiy rally left 29 people injured, 28 of whom were treated […]

UNCTAD says Africa investment still lagging despite global FDI rebound

Foreign investment in Africa remains under strain despite a rebound in global capital flows, the United Nations Conference on Trade and Development (UNCTAD) said last week, warning that weak project finance, high borrowing costs and geopolitical uncertainty continue to deter long-term investment on the continent. In its Global Investment Trends Monitor, published in January, UNCTAD […]