DR Congo, China seal new mine-road financing deal worth $7 Billion

The Democratic Republic of Congo (DRC) and GEC, a consortium of Chinese companies, have sealed a new mine-road financing deal worth $7 Billion. The funds are mainly intended for the construction of national roads in the central African country. State-owned mining company Sicomines announced the decision over the weekend following talks on an updated version […]

UAE: CAFU to open shop in Egypt, first market in Africa

Emirati on-demand petroleum product supplier, CAFU, will begin operations in Egypt under a Memorandum of Understanding with the Egyptian General Petroleum Corporation. The agreement will enable CAFU to launch fuel delivery services in Egypt in line with regulations and safety standards. Launched in the UAE in 2018, CAFU uses mobile app to provide service anytime […]

Ethiopian parliament ratifies state of emergency in Amhara region amid escalating violence

In its extraordinary session, the Ethiopian House of People’s Representatives (HoPR) on Monday (14 August) voted in favor of a six-month state of emergency rule in the northern Amhara region amid increasing violence between the federal forces and local militiamen. The lower house of the Ethiopian parliament examined and ratified the rule following the country’s […]