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DR Congo, China seal new mine-road financing deal worth $7 Billion

The Democratic Republic of Congo (DRC) and GEC, a consortium of Chinese companies, have sealed a new mine-road financing deal worth $7 Billion. The funds are mainly intended for the construction of national roads in the central African country. State-owned mining company Sicomines announced the decision over the weekend following talks on an updated version […]

Multidimensional partnership, a necessity for Africa’s development, King

Morocco’s King Mohammed VI has underlined the strategic importance for Africa to promote a multidimensional partnership to ensure its development, the need to push forward regional economic integration and the necessity to develop common areas for shared prosperity that allow for the free movement of goods and people. Africa needs “a multidimensional partnership model involving […]

BNP Paribas divests its South Africa corporate banks

After Shell, BNP Paribas has ditched its corporate banking business in South Africa, amid a spate of divestments by major multinationals. BNP Paribas, the largest bank in the EU, withdrew from South Africa after 12 years, as it seeks to consolidate its European and Asian business. BNP Paribas is also part of a series of […]