Cairo

Africa Energy Bank set up to reduce dependence on foreign funding for oil & gas projects

The African Petroleum Producers’ Organization (APPO) is putting the finishing touches to establish the Africa Energy Bank (AEB) that will offer alternative funding source for oil and gas projects on the continent after international financing institutions have started scaling back their funding, citing stringent conditions and environmental concerns. Speaking at a recent Nigeria International Energy […]

Egypt: Prison Sentences for three Army Officers for Attempt to Overthrow President

Three Egyptian army officers have been prosecuted and handed prison sentences ranging from 5 years to life in prison for plotting to overthrow President al-Sisi. The three officers, a naval Colonel and two infantrymen, were found guilty of plot against President al-Sisi by an Egyptian military court. London-based Qatari media “The New Arab” reports that […]

Morsy wants Brazil to increase investments in Egypt

President Mohamed Morsy is currently on a working visit to Brazil and has urged its businessmen to invest in Egypt in order to increase trade between the two countries. Egypt is the biggest trading partner of the Latin American country in Africa and transactions between them have always been on the rise for more than […]