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Angola’s first successful IPO may pave way for privatization of conglomerates

In a major development in Africa’s capital markets, Angola has launched its first initial public offering (IPO), which could lead to a slew of privatizations of some of the country’s biggest conglomerates. In June, Banco BAI, Angola’s largest private bank, floated a 10% stake following the country’s first initial public offering (IPO), viewed by observers […]

Mali: arrest of four executives from Canadian firm Barrick Gold

Four executives from the Barrick Gold Corporation have been detained in Mali, the Canadian mining company has confirmed, adding that all these employees of its Loulo-Gounkoto mining complex had been charged and detained pending trial. The arrests come as the Sahel country’s military regime intensifies efforts to impose additional taxes on foreign mining companies by […]

Libya disagrees with E.U on plan to combat illegal migration

The European Union has agreed on positioning a naval base in Italy to fight against illegal migration from the Libyan coast but the internationally recognized government in Tobruk has stated that it is against the move unless it is done in cooperation with Libyan authorities. EU is seeking the approval of the U.N in order […]