Egypt’s CIB receives $250 million loans from IFC for multiple purposes including green projects

Egyptian private Commercial International Bank (CIB) indicated Sunday it received $250 million from the International Financial Corporation (IFC) in form of multiple loans to be used to support its capital and fund green projects. The first loan has a value of $150 million and a 10-year term, including $90 million for the refinancing of outstanding […]

Zimbabwe: safari camp operators take on planned oil drilling at world heritage site

The operators of luxury Safari camps in Zimbabwe, which charge more than $1,000 a night, have lodged objections against a planned oil exploration program in the country’s UNESCO World Heritage Site, Mana Pools National Park. The Zimbabwean top tourist attraction, the pristine Mana Pools, could be under threat after a mining company applied for a […]

Number of Chinese workers across Africa drops by over 60% over past decade — report

The number of Chinese workers across Africa has plummeted to its lowest level in more than a decade, according to data from China’s National Bureau of Statistics, with experts saying the continent is unlikely to see the high numbers of the past even though postponed China-run projects are now being restarted. After decades when Africa […]