dakhla airport

Ethiopia’s CBE in quest to retrieve $40 mln withdrawn during glitch

The Commercial Bank of Ethiopia (CBE), the biggest lender in the country, issued a deadline, asking people who have withdrawn or transferred money from the bank during the technical glitch to return the funds or face prosecution. Up to 40 million dollars have been withdrawn during the technical failure that took several hours to repair […]

Egypt: Money bag Sawiris wants to save illegal migrants

Egyptian business tycoon Naguib Sawiris invited Greece and Italy to let him buy an island where he will house illegal migrants fleeing their counties. Sawiris said his offer will help migrants start a new life and build their own country. “Greece or Italy sell me an island, I’ll declare its independence and host the migrants […]

Investment risk in Africa ten times lower than in L’America, Eastern Europe — AfDB chief

African leaders and business executives, at the World Governments Summit in Dubai, sought to strongly challenge the persistent myths about investment risks in Africa. Speaking in one of the panels, Akinwumi Adesina, president of the African Development Bank (AfDB), presented data revealing that Africa’s risk profile is far lower than commonly believed, with a loss […]