Libya voting for unified government

Algeria:Bouteflika,the Ruling Wing and the Upcoming Elections

Questions have been raised among presidential candidates and former government officials on whether Algerian President Abdelaziz Bouteflika’s ailing condition would permit him to run a fourth term in office. Among those who raised concern is presidential candidate and retired Algerian Navy commander Mohamed Al-Taher .In his criticism against the election process he said “preparations for […]

Afreximbank poised to help Senegal raise $500m

The African Export-Import Bank (Afreximbank) is in advanced discussion with Senegal’s oil refiner to raise $500 million in syndicated finance, a senior official of the bank told Reuters. The funds will be used to upgrade the company’s old refinery. Société Africaine de Raffinage (SAR), is the oldest refinery of West Africa. The company has recently […]

Currency depreciation triggers millionaires’ flights from Africa

Nearly 20,000 millionaires fled Africa in the past decade due to currency depreciations that eroded their wealth, according to Henley and Partners, a global citizenship and residence consultancy. The number of individuals with a wealth of $1 million in Africa dropped 8% to 135,200, while the number of billionaires was limited to 21 with a […]