libya-map

Mali takes delivery of military hardware from Russia

Mali acquired Thursday military equipment including fighter jets and helicopters from Russia to beef up the army in the fight against terrorists. The delivery included one Soukhoï Su-25 attack aircraft, trainer jet Aero L-39 Albatros and several Mi-8 helicopters. Colonel Assimi Goïta, the leader of the transition in the African country, and Igor Gromyko, the […]

Namibia eyes OPEC membership as large-scale oil production looms

Namibia has announced its plan to join the OPEC “family” which comes at a time when the southern African nation gears up to potentially become the continent’s fourth-largest oil producer by the next decade. If exploitation of its giant offshore oil and gas discoveries goes as planned, Namibia could turn into a significant oil producer, […]

Commercial International Bank Egypt completes acquisition of Kenya’s Mayfair CIB in $40mln deal

Commercial International Bank Egypt (CIB) is set to proceed with the complete takeover of Kenya’s Mayfair CIB, after obtaining approvals from authorities, in a deal valued at $40 million. The Central Bank of Egypt (CBE) and the Central Bank of Kenya (CBK) have just granted their consent for CIB to acquire the remaining 49% of […]