The East African countries have not done enough to make sufficient progress in delivering on the pending actions outlined in the East African Monetary Union roadmap for a region’s single currency, according to the East African Budget Network (EABN). Therefore, East African Community (EAC) governments have been urged to fast-track the implementation of a single […]
AngloGold Ashanti has reached an agreement to acquire Centamin Company in a transaction valued at around $2.5 billion. This acquisition will grant AngloGold control over the Sukari mine in Egypt, a renowned gold mine globally. Upon finalization, AngloGold shareholders are set to possess approximately 83.6% of the company, while Centamin investors will retain about 16.4% […]
The appeal trial of former Mauritanian President Mohamed Ould Abdel Aziz opened Wednesday in Nouakchott. He is accused of abusing his power to amass a huge fortune. The former Head of State, who ruled this largely desert country of 4.5 million people from 2008 to 2019, was sentenced at first instance to 5 years in […]
