cleric

UNCTAD says Africa investment still lagging despite global FDI rebound

Foreign investment in Africa remains under strain despite a rebound in global capital flows, the United Nations Conference on Trade and Development (UNCTAD) said last week, warning that weak project finance, high borrowing costs and geopolitical uncertainty continue to deter long-term investment on the continent. In its Global Investment Trends Monitor, published in January, UNCTAD […]

Mauritania: Team of lawyers battles for drop of legal case against 13 senators

A team of lawyers has embarked on legal proceedings to drop cases against 13 Mauritanian senators accused of taking money from the President’s cousin Mohamed Bouatmatou, known as an opponent of the Mauritanian ruler. The lawyers have requested the drop of the charges against the 13 senators in a request to the country’s court of […]

Egypt: 19 Foreign Tourists Killed in Hot Air Balloon Crash

Nineteen foreign tourists from Britain, France, Japan, Hong-Kong, China and Hungary were killed in a hot air balloon crash that occurred Tuesday near the Egyptian city of Luxor The balloon was at 1,000ft (300 m) when it caught fire and plunged into fields west of the ancient city. This tragedy, the world’s worst ballooning accident, […]