Kenyan Finance Minister Henry Rotich

After Somalia, South African Islamic State-linked firms also targeted by US sanctions

The United States on Monday (7 November) imposed its second round of sanctions in less than a week on people and firms, this time targeting South African entities, who it says have provided financial or material support to the Islamic State (IS) group. Following the financial penalties against a Somali IS weapons trafficking cell imposed […]

Morocco’s Neo Motors launches its cars in the market

Morocco’s Neo Motors said it released its cars in the market making the first delivery of a first car manufacturing company with Moroccan capital. Morocco is already Africa’s top car manufacturer thanks to investments by French carmakers Renault and Peugeot. Speaking at a ceremony marking the first car deliveries, Nassim Belkhayat, Neo Motors’s CEO, said […]

AfDB to invest $25 mln for renewables in sub-Sahara

The African Development Bank (AfDB) will invest up to $25 million in a private equity fund for renewable energy projects across Sub-Saharan Africa. According to the continental lender, the Board of Directors has approved an equity investment of up to $25 million in ARCH Africa Renewable Power Fund (ARPF), a $250 million private equity fund […]