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Libya: US mulling over intervention strategy against IS

The Pentagon is carefully studying military intervention options in Libya against self-style IS, a US official told reporters. “We’re looking at military options, a range of other options as… the situation in Libya unfolds,” said Pentagon press secretary Peter Cook. Cook also explained that the expansion of the terrorist group is a major concern to […]

IFC to invest $100m in Nairobi-listed Diamond Trust Bank to back SMEs hit by pandemic

International Finance Corporation (IFC) will invest 12.18 billion shillings ($100 million) in Nairobi-listed Diamond Trust Bank (DTB) to support small and medium enterprises (SMEs) impacted by Covid-19, Zawya reports, citing Kenyan Wall Street newspaper. The investment will be in senior debt under its Covid-19 emergency response working capital solutions scheme (WCS FIGE). IFC initiated the […]

Libya: East-based administration minister resigns; accuses Haftar of ethnical cleansing

The minister of housing of the east-based government, Ali Koso, Sunday tendered his resignation as he accuses the administration-aligned army commander Khalifa Haftar of ethnical cleansing. The Beida-based government backed by the House of Representatives (HoR) and the Haftar-led Libyan National Army (LNA) is opposed to the UN-backed Government of National Accord (GNA) based in […]