Johann Rupert-backed Fund raises $ 345 Mln for Africa
Pembani Remgro Infrastructure Fund, founded by two of South Africa’s richest men, has raised $345 million to invest in electricity generation, transport and logistics in […]
Month: May 2015
Senegal: Google opens Creativ Lab in Dakar for YouTube content creators
Innovation is playing an increasingly important role in Africa’s ICT sector. One key area is the creation of ICT products, labs and networks. In this […]
E.U. allocates € 34 million food aid to six African countries
The European Union has announced providing assistance worth €34 million for immediate food aid for the most vulnerable people in Mauritania, Senegal, Gambia, Mali, Niger […]
Kenya’s Barclays reports 10% pretax growth in Q1 2015
The Kenyan subsidiary of Barclays Bank Group announced that its pretax profit for the first quarter rose 10 percent to 3.12 billion Kenyan shillings ($32 […]
Egypt: Palm Hills Raises $ 213 Mln in share issue
Palm Hills, Egypt’s second largest listed property developer announced on May 25th that it has raised 1.62 billion Egyptian pounds ($ 213 million) through a […]
China Wu Yi Co to build roads in Kenya, Uganda and Ethiopia for $ 73 million
The construction firm China Wuyi Co Ltd announced on Monday it had won $73.2 million worth of contracts for the construction of roads in Kenya […]
Iran accuses U.S. of leaving Iraqis alone with their plight against ISIS
Iranian Senior military adviser who helps militias fight the Islamic State in Iraq and chief of a unit in Iran’s Revolutionary Guard, Gen. Qassem Soleimani, […]
Yemen: Government-Houthi Talks in Geneva postponed
The UN-sponsored talks between the Yemeni government and Houthi rebels slated to take place in Geneva have been postponed. The UN envoy to Yemen, Mauritanian […]
Algeria turns down request to host EU drones
Algerian authorities have turned down a request by the EU to house one of the bases for drones that will be used to destroy migrant […]
GB/Morocco: Sex Abuse Allegations of Youness Tssouli, Serious Charges or Hot Air?
Moroccan Younes Tssouli, who was expelled lately from UK after serving jail term for terrorism charges, said he was sexually abused and mistreated during his […]