algeria-ministre

Egypt : Qaala Holding divests stake in Pharos at $ 5.3 million deal

The investment firm Qaala Holding, previously known under the name of Citadel Capital, sold its direct and indirect shareholdings in Pharos Holding for Financial Investments, which amount to 80%, in a deal of 40 million Egyptian pounds ($ 5.3 million). According to the company’s statement, the divestiture is part of its plans to sell non-core […]

Senegal’s new president Faye vows ‘systemic change’, names firebrand opposition leader Sonko as PM

Only hours after being sworn in as Senegal’s president on Tuesday (2 April), Bassirou Diomaye Faye named popular opposition figure Ousmane Sonko as the nation’s prime minister. At 44, former tax inspector Bassirou Diomaye Faye is Senegal’s youngest president ever elected. During his campaign, he vowed to fight corruption, promised to renegotiate oil, gas and […]

Gaddafi’s son claims to be personally involved in transfer of cash to Sarkozy in exchange for favors

A son of the former Libyan dictator Muammar Gaddafi has doubled down on his claim that ex-French president Nicolas Sarkozy was paid millions of euros in exchange for political and economic favors. Saif al-Islam Gaddafi has told French broadcaster RFI that he was personally involved in giving Sarkozy suitcases containing about 5 million euros for […]