EBRD

Morocco Foils another Deadly ISIS Terror Plot

Moroccan security services have interrupted another deadly ISIS terrorist plot seeking to undermine the North African country’s peace and stability. Morocco’s Interior Ministry announced Monday it has dismantled a five-member Islamic State group cell planning to carry out bomb attacks using a pressure cooker in crowded public places. The cell members, linked to ISIS, were […]

Nairobi diesel power plant to be converted to gas-fired generators

The Johannesburg Securities Exchange (JSE)-listed AEP Energy will convert the two diesel-fired Nairobi power plants it’s acquiring from Iberafrica to gas-fired generators whose electricity is cleaner and cheaper, the company said.   The South African giant is buying out Spanish company Naturgy Energy Group, which held 100 per cent shareholding in the Iberafrica diesel plants […]

Egypt/Russia: the Russian arms deal

On a two-day visit to Moscow, Egyptian army chief Field Marshal Abdel Fattah al-Sisi was on Wednesday accompanied by Foreign Minister Nabil Fahmy to seal a lucrative arms deal and discuss areas of cooperation “in multiple fields”. The US$2 billion arms deal will mainly be funded by Saudi Arabia and the UAE. The expected Russian […]