Libya contemplates seizure of Zambia’s international assets over $380-million debt

Libya’s telecommunications investor LAP GreenN, controlled by the UN-backed Government of National Accord (GNA) is considering seizure of Zambia’s international asset in a bid to recoup $380 million that Southern African country owes it.   The debt, LAP GreenN notes, dates back to Zambia’s nationalization of Zamtel in 2012, a year after LAP GreenN bought […]

Tanzania aims high to become go-to-market for all of Africa’s electrical equipment needs

Tanzania is venturing into the manufacture of electrical equipment aiming to become a key player in the industry, which is part of the government’s strategy to diversify the East African country’s economic portfolio. During her recent visit to Multi Cable Limited (MCL), a Dar es Salaam-based factory, Tanzania’s Industry and Trade Minister, Ashatu Kijaji, sought […]

Mozambique: at least two dozen dead in violent unrest after top court’s election ruling

At least 21 people were killed in violent unrest in Mozambique’s capital Maputo and northern cities a day after the country’s top court Monday (23 December) controversially confirmed the ruling party’s victory in a disputed poll. Mozambique’s largely deserted capital and other cities across the eastern African nation have been hit by skirmishes between protesters […]