A state audit in the Democratic Republic of Congo has uncovered a staggering $16.8 billion discrepancy in mining revenue declarations between 2018 and 2023, raising serious concerns about transparency and accountability in one of Africa’s richest resource nations. According to the Court of Auditors’ June report, mining companies declared $98.2 billion in revenue to tax […]
Morocco cut ties with Iran over its connivance in helping Hezbollah arm and train the Polisario. The news put Algeria in such a big embarrassment that its foreign ministry summoned Morocco’s Ambassador in Algiers to protest. “Morocco understands Algeria’s embarrassment and its need to express solidarity with its allies, Hezbollah, Iran and the Polisario as […]
Egypt-based investment company, Egypt Kuwait Holding Co SAE (EKH), will invest $500 million over the coming five years, CEO Sherif El-Zayat has revealed. El-Zayat said the company will invest $100 million a year and has made available $100 million to seize any acquisition opportunities during the upcoming period. In this vein, the firm already decided […]
