Brazil, the BRICS chair, said that Nigeria has been admitted as a partner country in the group. The decision was based on the role of Nigeria in “strengthening cooperation in the Global South and reforming global governance”, Brazil said in a statement. “As the 6th largest population in the world and the 1st on the […]
The African Export-Import Bank (Afreximbank) is in advanced discussion with Senegal’s oil refiner to raise $500 million in syndicated finance, a senior official of the bank told Reuters. The funds will be used to upgrade the company’s old refinery. Société Africaine de Raffinage (SAR), is the oldest refinery of West Africa. The company has recently […]
Italy is on the verge on selling two FREMM frigates to Egypt as relation between the two countries are improving. The talks for the sale of the two vessels, in the pipeline for some time, have been confirmed by Italy’s Foreign Minister, Luigi Di Maio, and by Fincantieri CEO, Giuseppe Bono, Defense News reports. The […]
