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Business Egypt Headlines

Egypt’s Suez Canal Bank to pull out of Middle East Oil Refinery

North Africa Post

The publicly listed company, Suez Canal Bank, says it will withdraw entirely from Middle East Oil Refinery (Midor), Zawya reports. The operation will generate $30.4 million for Suez Canal Bank as 1.27 percent stake (560,000 shares) will be sold to Egyptian General Petroleum Corporation (EGPC) at $54.7 per share. The financial service institution posted a […]
Africa Headlines International

Senegal adopts national Strategy against illegal migration

North Africa Post

Senegal adopted Thursday July 27 a national strategy to curb illegal migration (SNLMI). The strategy is made of five pillars namely prevention, border management, repression and return and rehabilitation of migrants, Interior Minister Antoine Félix Diome indicated. The prevention will encompass employment of youth and financing of youth initiatives. The repression will hunt down traffickers […]
Africa Headlines International

Senegal busts cocaine trafficking attempt off coast, seizes over 800 kg

North Africa Post

The Senegalese navy has seized 805 kg of cocaine during an operation off the coast of the West African country – a raid stressing the strategical position of the country in drug trafficking in West Africa. The country’s Directorate of Public Relations (Dirpa) announced Tuesday that the seizure was carried out on Sunday (Jan. 22) […]