FDIs

AfDB approves $20 million for solar off-grid projects in DRC

The African Development Bank (AfDB) has approved a $20 million grant to finance a solar off-grid electrification program in the Democratic Republic of Congo (DRC). According to Amadou Hott, AfDB Vice President in charge of Electricity, Energy, Climate Change and Green Growth, this innovative project will hopefully demonstrate the viability and interest of the private […]

Tunisia Extends State of Emergency till June 22

President Beji Caid Essebsi has decided to extend the state of emergency for 3 months beginning this March 23. The state of emergency was imposed after a November suicide bombing against a bus carrying presidential guards and was extended in February. The announcement signals that Tunisia will spend almost half of the current year under […]

A whole town’s stock trading blocked by a hurricane

For the first time in 27 years, the New York stock exchange market closed due to extreme weather conditions.  During these last few days the proximity of Hurricane Sandy to this economical center of the US has been known. Many roads were blocked and thousands of residents were told to evacuate. But the decision to […]