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Libya: Two Russian agents held for espionage to be freed

The UN-backed Government National Accord (GNA) will soon set free two Russian agents accused of espionage, reports say citing Moscow. Maxim Shogali and Samer Seifan have been held in Libya for more than one year. The GNA has charged the two Russians for gathering intelligence with actions that harmed the State’s security. The two men, […]

French billionaire faces fraud allegations over African port deals

French billionaire Vincent Bolloré is facing fresh fraud allegations from a coalition of African groups, accusing him and his family of benefiting from illegal port concessions across several African nations. The complaint, filed with the French National Financial Prosecutor’s Office (PNF) on Wednesday (19 March), targets Bolloré SE and its former logistics arm, Bolloré Africa […]

AfDB: $115 billion capital increase

The African Development Bank Shareholders have approved a landmark $115 billion capital increase, doubling the bank’s capital base from $93 billion to $208 billion, and strengthening thus the Bank’s leadership on development financing for the continent. This largest capital increase in the Bank’s history was approved at an extraordinary shareholders’ meeting last week in in […]