Ethiopia rejects Egypt’s plan for filling, operating $4 billion Renaissance Dam

The Ethiopian government has rejected outright Egypt’s proposal on the filling and operating of the $4 billion hydropower dam, the Great Ethiopian Renaissance Dam (GERD), being constructed by the Horn of Africa country on the Nile. Addressing a press conference in Ethiopia’s capital Addis Ababa Wednesday, Sileshi Bekele, minister for Water, Irrigation and Electricity described […]

Converting Debt to Shares, a Possible Scenario to Save Morocco’s Sole refinery

Creditors of Morocco’s sole refinery, Samir, are putting on the table the alternative of converting the massive 43-billion-dirham debt ($4.55 billion) into shares, a move that entails giving creditors a say in the board of trustees, Moroccan media reported on July 11. After an appeals court in Casablanca upheld a ruling placing the refinery into […]

Africa’s Employers Rise: Nine Regional Companies Make It to Forbes’ 2025 Global Best List

Nine African companies have been named among Forbes’ 2025 World’s Best Employers, highlighting the continent’s growing influence in global workplace standards and corporate culture. Topping Africa’s list is Standard Bank Group, ranked 28th globally, and securing its fourth consecutive appearance on Forbes’ prestigious annual ranking. The accolade cements its position as a leader in employee […]