AU

Egypt, IMF ink $3bn new loan program deal

The International Monetary Fund (IMF) said on Thursday it had agreed a $3 billion Extended Fund Facility (EFF) over 46 months with Egypt, Reuters reports. The deal is part of a four-year international financing program worth a total of $9 billion which also includes $1 billion from the IMF’s Resilience and Sustainability Trust (RST) and […]

U.S. PPG opens in Morocco its 1st African automotive sealants plant

American company PPG has opened lately in Tangier, northern Morocco, its first automotive sealants production facility in Africa. The new facility confirms Morocco’s attractiveness to foreign investors and global automotive players. “This facility is an important step in providing local supply for automotive original equipment (OEM) vehicle manufacturers in Morocco,” said Roald Johannsen, PPG vice […]

South African DA Party wants clarifications on sexual harassment scandal involving Algerian ambassador

The South African Democratic Alliance has requested the Government to give updates on the investigations carried out on the alleged sexual harassment scandal involving Algerian ambassador to South Africa, pointing out that the wheels of justice seem to have come to a grinding halt in this case. The Democratic Alliance (DA) has submitted urgent Parliamentary […]