The number of Russian tourists’ arrival in Egypt has dropped by 23.9% in 2015 compared with 2014 figures. “A total of 2.4 million Russian tourists visited Egypt in 2015, down from 3.1 million in 2014,” an official from the Egyptian Ministry of Tourism indicated Friday. “The sharp decrease is a direct fallout of the downing […]
The Africa Finance Corporation (AFC) has approved a bridge loan facility of $170 million for the construction of the 44 MW Singrobo-Ahouaty hydropower projects in Côte d’Ivoire. The deal was concluded in mid-December, when a first disbursement was made for the project, in which the AFC has also invested equity. “As our first equity investment […]
The 2020-2030 defense cooperation deal between Morocco and the US will benefit friendly African countries, said US Secretary of Defense Mark Esper. Speaking at the signing ceremony of the landmark agreement, Esper highlighted the longstanding partnership between the US and Morocco citing a convergence of views regarding a range of security threats. “Morocco is a […]
