Egypt’s Suez Canal Economic Zone has signed a 50-year concession agreement with the UAE’s Abu Dhabi Ports Group (AD Ports) to establish a 20-square-kilometre logistics and industrial hub east of Port Said. Egypt’s Suez Canal Economic Zone signs a 50-year concession agreement with UAE’s AD Ports. AD Ports to invest $120 million in initial development…
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Tidjane Thiam, a former international banker and leader of Ivory Coast’s main opposition party, has told the BBC he is determined to challenge a court ruling that disqualifies him as a presidential candidate in his home country. Tidjane Thiam is determined to challenge court ruling disqualifying him from running for president in Ivory Coast Thiam…
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The President of France made a two-day visit to Madagascar, an island nation off East Africa’s coast, aiming to strengthen bilateral ties and consolidate France’s presence in the Indian Ocean region amid ongoing colonial-era legacy disputes. French President Emmanuel Macron visited Madagascar to strengthen bilateral ties and consolidate France’s presence in the Indian Ocean region…
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The Economic and Financial Crimes Commission (EFCC), Nigeria’s corruption watchdog, has initiated a full-scale investigation into a $2.9 billion refinery rehabilitation fund scandal, uncovering over ₦80 billion in accounts linked with the recently sacked Managing Director of a major refinery. EFCC initiates full-scale investigation into a $2.9 billion refinery fund scandal in Nigeria Uncovered over…
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Middle Eastern countries have either shown interest in or secured deals worth at least $6 billion in African energy assets in recent weeks, showing the region’s growing investment appetite on the continent. Middle Eastern countries are investing $6 billion in African energy assets. Gulf states diversifying oil and gas portfolios in Africa to buffer against…
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In 2024, the Central Bank of Nigeria recorded a 13.9 trillion naira ($9 billion) loss from settling overdue derivatives contracts as part of efforts to reduce its foreign currency liabilities and rebuild investor confidence in the naira. Central Bank of Nigeria recorded a 13.9 trillion naira ($9 billion) loss from settling overdue derivatives contracts in…
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