The African Development Bank, through its Financial Sector Development’s Trade Finance operations, has launched a Transaction Guarantee instrument designed to provide up to 100% cover for non-payment risk to regional and international banks, for trade transactions initiated by local banks in Africa. The guarantee will cover an array of trade finance instruments, including confirmed letters […]
The Algeria military junta and its polisario separatist puppet have suffered another humiliating setback after the African football governing body (CAF) rejected the membership of the puppet entity, which is armed, funded and sheltered by the Algerian regime. This new diplomatic setback was reported Monday by Africa Intelligence magazine. According to the regulations of the […]
France’s decades-long military presence in Africa is winding down after the French army has handed over its third and last military base in Chad to the country’s government. The military ceremony held in the capital N’Djamena on Wednesday (29 January) marked the official end of French military presence in the country. According to sources from […]
