nil-dams-talks

Nine African countries join Afreximbank’s PAPSS platform in push for ‘de-dollarization’

A pan-African payment system that would allow African nations to trade among themselves, using their own currencies, is gaining momentum, as the platform has recently started commercial operations with nine countries having signed up so far, according to the Afreximbank President Benedict Oramah. The African Export-Import Bank — or Afreximbank — expects 15 to 20 […]

Algeria: Court Blocks Billionaire’s Acquisition of TV, Newspaper Group

An Algerian administrative court on Wednesday upheld its last month provisional ruling cancelling the multimillion dollar takeover of the private El Khabar media group by Ness-Prod, a subsidiary of agribusiness group Cevital owned by billionaire Issad Rebrab. The court ruled that the agreement reached between the two parties is null and that El Khabar’s newspaper […]

Egypt Gets € 55 Mln EBRD Loan for two wastewater projects

Egypt has received a financial support from the European Bank for Reconstruction and Development (EBRD) which provided the most populous Arab country a € 55 million loan for the construction of two new wastewater plants. The money will also fund the expansion of three existing plants and the installation of 700 km of pipes and […]