China woos Ethiopia, pledging food, trade, investments for Horn of Africa

While China’s global competition has been a well-known fact, Beijing now signals an expansion of its ambitions in the Horn of Africa, as evidenced by Ethiopia’s recent acknowledgement that China has become the East African nation’s leading source of foreign direct investment, largest trading partner, and development financier. China plans to send more emergency food […]

Morocco receives $275 million in Solidarity Fund against catastrophic events

A parametric insurance pool, facilitated by reinsurance broker Gallagher Re, paid out $275 million to Morocco’s Solidarity Fund against Catastrophic Events (FSEC), responding to the 7-magnitude earthquake that rattled Al-Haouz region on September 8, 2023, Middle East Insurance Review reported earlier this month. The insurance broker confirmed last year that it was in touch with […]

Libya: Two car bomb attacks at funeral of Haftar’s military aid kill 6 people in Benghazi

Two cars exploded Thursday a military funeral in Eastern Libya killing six people including two soldiers and one police officer under the command of military rebel Khalifa Haftar, reports say. The car bombs exploded at the funeral of the former commander of Saiqa Force Khalifa Al-Mismari. The ceremony, the media reports, was attended by tens […]