Libya mercenaries

UAE, first investor in Africa

The UAE companies topped the list of investors in the African continent, pledging projects worth 110 billion dollars between 2019 and 2023, the Financial Times reported. Most of the investments, or 72 billion dollars, went to renewable energy projects, FT said. These investments outweighed those announced by UK, France or China. UAE companies also have […]

Washington hails appointment of Staffan de Mistura, UN Sahara Envoy

U.S. Secretary of State Antony Blinken has welcomed the appointment of Staffan de Mistura as a new UN envoy for the Sahara in replacement of German Horst Köhler who stepped down in May 2019. In his twitter account, Mr. Blinken welcomed the appointment of the Italian-Swedish diplomat whose candidacy had been proposed by the UN […]

Moody’s Downgrades Tunisia’s Credit Rating to B2

Credit rating agency Moody’s downgraded Tunisia’s credit rating to B2 against the backdrop of deteriorating fiscal situation, complicating the government’s plans to borrow from international lenders. Moody’s cut Tunisia’s rating by one notch to B2– five levels below investment grade and on a par with Argentina, Nigeria, Cameroon and Kenya. Moody’s rating downgrade will complicate […]