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June 29, 2022

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Author name: Eman Elkomy

Western miners lag as oil powers enter race for Africa’s critical metals

Johannesburg: Reuters – Africas Risk aversion is likely to leave major Western miners lagging in a race to tap Africa’s reserves of critical raw materials that has gathered pace now Middle Eastern oil powers have begun to emulate China’s years of investment on the continent. Attracting the capital needed to advance copper, cobalt, nickel and …

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President Sisi says Egypt will not allow any threat to Somalia or its security

Cairo: Africas, Newsdesk Egypt will not allow any threat to Somalia or its security, President Abdel Fattah al-Sisi said on Sunday, according to a statement from the presidency, after Ethiopia said it would consider recognising an independence claim by Somaliland. Trying to “jump on a piece of land” to try to control it is something …

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IMF team in Cairo to discuss $3 billion loan program

Cairo: Africas, News desk, Reuters An International Monetary Fund team is currently in Cairo to discuss Egypt’s $3 billion IMF loan and reform program, an IMF spokesperson said on Friday amid discussions about additional funding to ease the country’s Gaza war-related stresses. The spokesperson said in an emailed statement to Reuters that the team, led …

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