The African Development Bank Group, AfDB, has greenlighted a partial credit guarantee of $345 million to Egypt for the financing of green and social projects, reports say. Egypt expects to use the credit guarantee to raise the equivalent of $500 million in the Chinese Yuan denominated Panda Bond market, issued by foreign borrowers, Egypt Today […]
The Egyptian state oil firm has issued a tender to purchase around 500,000 tons of gasoil for delivery into Mediterranean ports between January and March next year according to a tender document. The tender is for 15 cargoes to be delivered in Alexandria, Egypt’s second largest city and El Dekheila. Bidding ends on the 18th […]
Zambia announced the withdrawal of its recognition of the Polisario’s self-proclaimed republic, the same day the separatist group announced the election of Algeria’s henchman Ibrahim Ghali as a new Secretary General and president of the auto-proclaimed SADR. The decision was announced by Zambia’s Foreign Minister Harry Kalaba, who said, following talks with Moroccan officials in […]
