Egypt negotiates ‘reasonable cost’ loans with China and Japan: minister

(Agence Ecofin) – The American bank Goldman Sachs estimates that Egypt should mobilize 15 billion dollars in external loans to meet its financing needs over the next three years. Egypt is negotiating affordable loans with China and Japan to diversify its economy’s sources of financing, reports Bloomberg on Thursday, September 22, quoting Finance Minister Mohamed […]

Afreximbank announces $600 million to boost imports of petroleum products

(Ecofin Agency) – The African Export-Import Bank (Afreximbank) has announced that it will inject $600 million over 24 months into the Guinean oil sector, in order to strengthen the import of its products. The information comes from a press release from the Guinean Ministry of Economy, Finance and Planning, published on Saturday July 23. « […]

How companies are replacing Western office software

In March, following other Western IT companies, American Microsoft announced a halt in sales of all products on the Russian market, including office suites. At the same time, the corporation promised to fulfill old contractual obligations and, among other things, not to leave socially significant Russian institutions like schools and hospitals without updates. In a […]

“Africa is a safe, competitive and profitable market!”

(AFRICAN DEVELOPMENT BANK) – Wednesday, July 20, on the occasion of the United States-Africa Business Summit in Marrakech. Akinwumi Adesina called on American investors to consider Africa as a logical investment destination and to engage in a win-win partnership there. U.S. investments are key to accelerating infrastructure development on the continent, the African Development Bank […]

Thugs Dare to Forcibly Occupy Retired Police General’s House, How Much Are Paid? – A total of 10 thugs were arrested on charges of occupying land and buildings belonging to retired police officers. This case relates to debts. The Head of Sub-Directorate for Penmas Bidhumas Polda Metro Jaya, Kompol M. Hari Agung Julianto explained, 10 thugs namely YS (53), IAE (44), CM (41), TP (46), TAM (24) […]

Biden meetings with Saudi king will include Crown Prince Mohammed, says White House

WASHINGTON, July 7 (Reuters) – U.S. President Joe Biden will hold bilateral talks with Saudi King Salman bin Abdulaziz and his leadership team, including Crown Prince Mohammed bin Salman, when he visits the Middle East next week, a White House spokesman said on Thursday. The U.S. president’s sensitive trip will test his ability to reset […]