F’Derick iron deposit

African leaders give Sudan military council 3 months to hand over power

African leaders meeting in Cairo Tuesday have agreed to give Sudan’s ruling military council three months to hand over power to a civilian transitional government and stressed that this delay should not be prolonged, the Egyptian presidency said in a statement. The agreement extends the 15-day deadline set by the African Union last week for […]

EBRD Lends €7.5 Mln to Tuyauto Gestamp Morocco

The European Bank for Reconstruction & Development (EBRD) is supporting Moroccan automotive sector with a €7.5 million loan to Tuyauto Gestamp Morocco, a greenfield joint venture producer of metal automotive parts owned by Gestamp Automocion (Spain) and Tuyauto (Morocco). The funds will finance the first phase of Tuyauto Gestamp Morocco’s operations in the welding and […]

Kiir Urges Lifting of Sanctions to Bolster South Sudan’s Fragile Peace Process

South Sudanese President Salva Kiir has appealed for the immediate lifting of international sanctions and a United Nations arms embargo, citing their detrimental impact on the country’s progress and security sector reform. Addressing lawmakers at the opening of the Revitalized Transitional National Legislative Assembly in Juba on Wednesday, July 16, Kiir emphasised that South Sudan’s […]