Rome refuses Polisario’s participation in Italy-Africa Summit, another slap on the face of Algerian rulers

The Italian government has excluded the Algeria-backed Polisario separatist group from the Italy-Africa summit, held in Rome, despite the pressure exerted by the Algerian regime which has tried to no avail to buy the support of Rome through discounted gas deals. The Algerian blackmail strategy of weaponizing its gas supplies to get political gains has […]

Egypt pulls debt sale plug

Egypt has decided to call off its first debt sale after a rating cut at Standard & Poor’s raised borrowing costs and as Fitch Ratings warned against delaying an International Monetary Fund loan beyond January. The local currency is continuing on its journey of unprecedented deprecation. The sale which was supposed to take place was […]

AfDB allocates Côte d’Ivoire €400 million in partial credit guarantee for international funds mobilization

The African Development Bank, AfDB, rubber-stamped Tuesday a €400 million partial credit guarantee for Côte d’Ivoire, to support the mobilization on international financial markets for strategic environmental, social and governance (ESG) projects. “The partial credit guarantee will enable Côte d’Ivoire to raise long-term financing from commercial banks, in line with its ESG Framework. Côte d’Ivoire […]