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Italy, Egypt edging towards multi-billion arm deal as relation thaw

The Italian government is on the verge of rubber-stamping a large arm sale to Egypt as relations between the two countries warm up. The deal, which includes frigates, Eurofighter Typhoons, and a military satellite, has been already endorsed by the Ministry of Defense, La Republica reports. Italian and Egyptian media had reported earlier this year […]

Ethiopia charts bold future with mega nuclear power plant and $30bn development drive

Ethiopia is set to break ground on a mega nuclear power plant, Prime Minister Abiy Ahmed announced Tuesday (9 September), unveiling a sweeping $30 billion infrastructure agenda aimed at transforming the country’s energy, transport, and industrial sectors. Speaking at the inauguration of the Grand Ethiopian Renaissance Dam (GERD) — Africa’s largest hydropower project — Ahmed […]

COVID-19: AfDB unveils $10 billion Response Facility

The African Development Bank Group has announced the creation of the COVID-19 Response Facility to assist regional member countries in fighting the pandemic. The Facility is the latest measure taken by the Bank to respond to the pandemic and will be the institution’s primary channel for its efforts to address the crisis. It provides up […]