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 […]

Africa Energy Bank set up to reduce dependence on foreign funding for oil & gas projects

The African Petroleum Producers’ Organization (APPO) is putting the finishing touches to establish the Africa Energy Bank (AEB) that will offer alternative funding source for oil and gas projects on the continent after international financing institutions have started scaling back their funding, citing stringent conditions and environmental concerns. Speaking at a recent Nigeria International Energy […]

Tripoli clashes intensifying, amid rising safety fears - IOM

The “dramatically deteriorating humanitarian situation” in Tripoli has highlighted that much more needs to be done to protect all non-combatants caught up in the battle for the Libyan capital, as the number of victims rises and thousands flee their homes, the UN said on Tuesday. In an update to journalists in Geneva, the UN migration agency, IOM, reported that […]