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Libya : Islamists and Misrata rebels fight to control Tripoli airport

Tripoli international airport has become the center of interest of different rebel groups in Libya. The airport is controlled by the rebels from Zintan but the Islamists and fighters from Misrata want to take it over from them. The Zintan rebels are being accused of backing the liberalists in the Libyan parliament. The clashes have […]

Egypt taps on IFC to advise on IPO program

Egypt signed Sunday a five-year agreement with the International Finance Corporation (IFC) to advise on its Initial Public Offering (IPO) program under which dozens of state-run companies will be listed on the stock market. The World Bank’s for the Empowerment of the Private Sector will act as a strategic advisor to the government for the […]

Africa’s diaspora remittances to grow 5,4% in 2024, market set to reach $500bn by 2035

Remittances to Africa and the Middle East, which play a pivotal role in many regional economies, significantly contributing to their GDP, are estimated to have increased 5.4% in 2024, primarily due to rebounded flows to Egypt, after a 14.6% decline in 2023. In 2024, remittance flows to low- and middle-income countries are expected to reach […]