cimaf-cimùent de l afrique

Under ECOWAS pressure, Guinea junta agrees to leave power in two years

Guinea’s ruling junta has agreed to restore civilian rule in two years, after facing sanctions by the West African bloc ECOWAS over its original plan for a three-year transfer of power. “In a dynamic compromise, experts from ECOWAS and Guinea have jointly developed a consolidated chronogram (timetable) for a transition spread over 24 months,” Economic […]

African startups defy global VC funding downturn, with M&A becoming the norm

African venture results have declined in recent quarters, echoing the trends in other startup regions around the world, but with $1.1 billion raised in the first half of 2023, Africa’s startup ecosystem shows resilience in the face of the global venture capital (VC) funding downturn. Despite VC funding slowly retreating from the African market this […]

Libya: Foreign mercenaries recruited for Haftar by Security Company

Mercenaries linked to Frontier Services Group, a security company based in Iraq and UAE, have been fighting on the side of military commander Khalifa Haftar whose forces have launched an offensive to seize the Libyan capital of Tripoli. Under a secret deal, Frontier Service Group, run by American Businessman Erik Prince, had recently flown private […]