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Botswana and De Beers ink landmark diamond deal amid economic uncertainty

Botswana and South African mining giant De Beers have finalized a landmark 10-year agreement, enhancing the country’s stake in diamond sales and providing a boost to its critical diamond sector. After six years of negotiations, the deal will see Botswana’s share of rough diamond sales rise from 25% to 30% in the first five years, […]

Morocco, ‘’Stable Security-exporting Partner in North Africa”- US State Department

Morocco was hailed by the United States as a “stable security-exporting partner in North Africa” thanks to its adoption of a comprehensive counterterrorism strategy and the vigilance of its security services. “Morocco is a stable security-exporting partner in North Africa and is the only African nation to contribute military assets to the Defeat-ISIS Coalition campaign […]

Rough waters: EAC firms brace for costly imports as freight ships shun Red Sea

East African countries have been hit hard by higher freight costs and longer cargo delivery time, as Yemen’s Houthi rebels step up attacks on ships traveling through the Red Sea to the western end of the Indian Ocean. Ports in Kenya and other East African ports should expect slower business in the immediate future as […]