First Independent Mena Newspaper
Egypt has reached a deal with Shanghai-headquartered New Development Bank (NDB) to join the financial institution whose strategy the Arab country says is in line with its vision. Minister of Finance Mohamed Maait according to the statement from his department held talks with NDB’s Chairman Marcos Troyjo on the sidelines of COP27. Both parties, the […]
French President Emmanuel Macron will officially announce on Wednesday (9 November) the end of the anti-jihadist Operation Barkhane in the Sahel, but this will have no impact on the French military presence in the region, according to a statement from the Elysee Palace. This announcement comes a little less than three months after the withdrawal […]
Botswana, the world’s second-largest diamond producer, has won its bid to host the permanent secretariat of the Kimberley Process (KP), the grouping that certifies that diamonds are not used to fund rebel groups. The KP, a coalition of governments, the diamond industry and civil society representatives, said in a statement on Monday (7 November) it […]
Mali announced Wednesday Russia is set to send 60,000 tons of oil, 25,000 tons of wheat and 35,000 tons of fertilizers worth $100 million through the port of Conakry. “Following our exchanges, a first shipment of goods should arrive in Bamako in a few weeks. These include 60,000 tons of petroleum products, 35,000 tons of […]
The African Development Bank, AfDB, has accorded $80 million credit facility earmarked to enhance food self-sufficiency and security, through securing the supply of soft wheat, barley and fertilizers. The loan deal was signed Thursday between Samir Said, Tunisia’s Minister of Economy and Planning and Mohamed El Azizi, the Director General, Regional Development and Service Delivery […]
Tunisia announced Tuesday its National Guards forces curbed eight illegal migration attempts and arrested 213 people from different regions of the country, Anadolu news agency reports. “As part of the fight against the phenomenon of illegal migration, during the night of Monday to Tuesday, maritime units of the National Guard have managed to thwart 8 […]
The economies of East Africa face rather bleak prospects for growth this year because of the increasing risk of debt distress, widening fiscal and current deficits and limited economic diversification plans, according to the latest forecast by the African Development Bank (AfDB). The AfDB forecasts the region’s GDP at 4% this year, before recovering to […]
UN Secretary-General António Guterres has expressed deep concern at Russia’s decision to suspend its involvement in the Black Sea Grain Initiative, a deal set up to reintroduce vital food and fertilizer exports from Ukraine to the rest of the world. On Saturday, Russia announced that it was suspending its involvement in the deal, citing an […]
Several Members of the European Parliament from the European People’s Party have expressed concern over the joint military maneuvers conducted by Russia and Algeria in the Mediterranean. The MEPs deem this collaboration “extremely worrying not only for peace and security, but also for the interests of the West and the European Union.” The European People’s […]
The International Monetary Fund (IMF) said on Thursday it had agreed a $3 billion Extended Fund Facility (EFF) over 46 months with Egypt, Reuters reports. The deal is part of a four-year international financing program worth a total of $9 billion which also includes $1 billion from the IMF’s Resilience and Sustainability Trust (RST) and […]