First Independent Mena Newspaper
The Saudi Central Bank (SAMA) Tuesday issued operation permits to “Lean Technologies” and “Mod5r”, two companies which will provide Open Banking Solutions. The permits are in line with the Council of Ministers’ decision in the second quarter of 2022, which provides for the adoption of the Fintech Strategy containing the supreme directive order for the […]
French giant Total Energies has ditched a petrochemical project in Arzew in Oran in Western Algeria, a withdrawal that analysts blamed on Algeria’s bureaucracy. The news was relayed by Africa Intelligence news outlet on the eve of a visit by French President Emmanuel Macron to the country. The French firm has sealed a deal wih […]
A sustainable project in Nigeria’s southern Edo state is helping to get the country’s palm oil industry back on its feet decades after it was eclipsed by now leading producers Indonesia and Malaysia. Since the 1960s, when Nigeria was still the world’s top producer of palm oil, the substance that is extracted from oil palm […]
Cameroon has sealed at least 30 gold mines, including some owned by Chinese companies, after more than 33 young miners died in landslides this month and scores more were declared missing. On Monday (22 August), the local government deployed several hundred troops to seal at least 30 gold mines in Kambele, a village in Batouri […]
Severe hunger is sliding toward famine-like conditions in the Horn of Africa, particularly in Somalia, United Nations (UN) agencies warn, which is the result of four years of consecutive drought that have wiped out peoples’ ability to grow the crops they need to feed themselves. The World Food Program (WFP) has reported that up to […]
After the last decades of civil war, an oil boom, corruption scandals, the state of Angola’s economy will be one of the biggest and most decisive issues when the country’s citizens go to the polls on Wednesday (24 August). Millions of Angolan youths are voting for the first time in the country’s 5th election since […]
The number of rejected visas by the French consular services in Morocco has surged in recent months after France’s decision to slash the number of entry permits granted to Moroccans, Tunisians and Algerians, a move that propelled Morocco’s National Federation of Consumer Rights to intervene demanding compensations for rejected applications. According to French media, visas […]
The Libyan Armed Forces, led by eastern military leader Khalifa Haftar, announced Monday having brought down on the outskirt of Benghazi a drone armed with two missiles. The Director of the Moral Guidance Department of the self-style army General Command, Major General Khaled al-Mahjoub, in Facebook post, said that air defenses targeted and downed an […]
The Japanese ambassador to Tunisia Monday announced the launch of a committee tasked to boost investments and assist Japanese investors in overcoming challenges, mainly administrative red tape. Shinsuke Shimizu made the announcement during a press conference at the chamber of commerce of the North African country, in the build up to the 8th Tokyo International […]
The International Monetary Fund (IMF) is calling on Egypt to cancel all low-interest lending initiatives including loans for small- and medium-sized enterprises (SMEs) and businesses operating in the tourism and mortgage sectors, three government sources who asked not be named told Al-Sharq business. The Washington-based institution told the central bank to cancel all low-interest initiatives, […]