Nangbeto hydropower plant

Egypt: Controversy around a new tax

The Egyptian government has made another U-turn after a lot of pressure from investors. The government decided to unveil a 10% tax on stock dividends and investment gains from takeovers in December 2012, but the decision wasn’t welcomed by investors. The government says it is part of the austerity measures that should be implemented to […]

Morocco, Second Biggest Market for French Weapons in Africa

Morocco bought €127 million worth of French arms in 2016, making it the second weapon market for France in Africa, said the French Defense Ministry. Morocco came second in terms of spending on French arms behind Egypt, which spent €1.3 billion in the same year, the Ministry said in a report. Since 2012, French arm […]

UN Security Council extends UNSMIL mission till end of September

The UN Security Council unanimously agreed Wednesday to extend the UN Support Mission in Libya (UNSMIL) until the end of the month. “The situation in Libya continues to constitute a threat to international peace and security,” the Security Council said in its resolution of UNSMIL 15-day mandate extension. Both the US and Russia backed the […]