Egyptian cabinet

Africa’s richest nations, including Morocco, control 66% of continent’s total wealth

Only three African nations control about 56% of the continent’s total wealth, according to the 2022 Africa Wealth Report published by UK investment consultancy firm Henley & Partners in partnership with South African wealth intelligence firm New World Wealth. South Africa, Egypt, Nigeria, Morocco, and Kenya are Africa’s wealthiest countries. The first three countries possess […]

ECA, Afreximbank launch digital platform to boost intra-Africa trade

The Economic Commission for Africa (ECA) and Afreximbank have announced the development of the African Trade Exchange Platform (ATEX), a digital business-to-business (B2B) and business-to-government (B2G) tool to help boost intra-African trade under the African Continental Free Trade Area (AfCFTA). A statement by the ECA on Friday (27 January) also noted that the ATEX platform […]

ICSID rejects most Corral Holding’s claims in Samir refinery case

the International Centre for Settlement of Investment Disputes (ICSID) of the World Bank rejected most of the claims of Corral Morocco Holding, owned by Saudi billionaire Al Amoudi in a case filed against the Moroccan government over the shut-down of Samir refinery. The arbitration institution ordered Morocco to pay just 6% of the total 2.7 […]