UnionPay International (UPI) has received Casablanca Finance City (CFC) status, a premier label & regulatory framework granted to companies targeting African business. By securing this status, UPI joins an elite group of multinational institutions benefiting from a specialized legal, fiscal, and regulatory framework designed to foster regional integration as CFC serves as a strategic gateway […]
Burkina Faso authorities have cancelled a concession deal with French company Meridian AM to design, build, finance, operate and maintain a new International airport in capital Ouagadougou, over several reasons including the taxation regime and duration of the concession (30 years) believed to be exaggerated. The regime of former and ousted leader Rock March Christian […]
Currently at loggerheads with Sudan, Egypt is seeking to sideline it from talks over Ethiopia’s Renaissance Dam on the Nile, the largest hydroelectric dam project in Africa, Addis Fortune newspaper reported. According to the paper, President Abdel Fattah el-Sisi has suggested to Ethiopia’s Prime Minister Hailemariam Desalegn, that talks proceed with Ethiopia alone. “Egypt, in […]
