Nadia-okacha

French Schneider Electric mulls €30-million investment in Egypt until 2025

French Schneider Electric company is planning to inject additional €30 million in Egypt until 2025 to boost the production capacity of its electrical panels factory in Badr City, the company’s Northeast Africa and Levant Cluster President Sebastien Riez said in an interview with CNN Business Arabic, ‘Arab Business’ reports. €10 million of the €30 million […]

Aborted coup in Bissau: “The situation is under control”

Guinea-Bissau’s President Umaro Sissoco Embalo escaped a coup attempt on Tuesday, the latest in a series of coups across West Africa. Mr. Embalo, a former general who arrived in 2020 at the head of this country with a political history marked by such events, appeared Tuesday evening before the press unharmed and serene, after having […]

Côte d’Ivoire: SUNU Group withdraws from State-controlled BICICI

Sunu Finance group has pulled out as main shareholder from Cote Ivoire’s trade and industry bank BICICI now controlled by a State-run consortium, “Sika Finance” reports. The holding has sold its 19.11 shares for $35.6 million to Abidjan-based Brandon & MCain Capital, an investment firm founded by Ahmed Cisse, the President of Côte d’Ivoire’s employers’ […]