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  • Morocco ranked most attractive investment destination in Africa

    Morocco ranked most attractive investment destination in Africa
    Morocco has been named the most attractive investment destination in Africa, followed closely by Egypt and Algeria. According to the latests Africa Investment Index 2018 by Quantum Global Research Lab, an independent research arm of Quantum Global, Morocco has a receptive business environment and low risk profile. ‘‘Morocco has been consistent in attracting an inward [...]
  • Gaddafi’s son, Saif al Islam welcomes Sarkozy arrest, offers evidence

    Saif al-Islam Gaddafi, the son of fallen Libyan leader Muammar Gaddafi has welcomed the detention of former French president Nicholas Sarkozy and reiterated his offer of evidence showing that Sarkozy’s 2007 election campaign was funded by illicit funds. Saif al-Islam alluded to the evidence he gave to European media channel, Euronews in Tripoli in 2011, and lamented that it had taken the French justice system seven years to act on the matter. An official of the French Judiciary told journalists on Tuesday that Sarkozy was being held in police custody for questioning by magistrates looking into allegations of Libyan funding for his 2007 election campaign. A judiciary inquiry into the matter had been opened by France in 2013, while in January this year, Britain arrested and charged a French businessman suspected by investigators of funneling money from Gaddafi to finance Sarkozy’s campaign. Speaking to Africanews, Saif al-Islam mentioned that there are several witnesses willing to testify against Sarkozy, including Abdallah Snoussi, the former director of the Libyan intelligence services and also Bashir Saleh Bashir, the former CEO of Libya Investment. According to Saif al Islam, Snoussi has a recording of the first meeting between Sarkozy and Gaddafi held in Tripoli before his 2007 election campaign. Saif al Islam adds that he too can testify, having witnessed the delivery of the first portion of the money to Sarkozy’s former chief of staff, Claude Guant in Tripoli. He goes on to accuse Sarkozy of being a war criminal who is responsible for the spread of terrorism and illegal immigration in Libya. He urges French president Emmanuel Macron to right the wrongs of his predecessor and prosecute Sarkozy for crimes committed against Libya. Saif al Islam who has expressed interest in the Mlibyan presidency also told Africanews that he supports an expeditious organisation of presidential elections in the North African country. He warned that there are parties in Libya and abroad that seek to maintain the current chaotic situation in Libya, saying an endless war is imminent if elections are not held quickly.
    Saif al-Islam Gaddafi, the son of fallen Libyan leader Muammar Gaddafi has welcomed the detention of former French president Nicholas Sarkozy and reiterated his offer of evidence showing that Sarkozy’s 2007 election campaign was funded by illicit funds. Saif al-Islam alluded to the evidence he gave to European media channel, Euronews in Tripoli in 2011, [...]
  • CAF: Hayatou, Amrani trial postponed to April 16

    caf Hayatou, Amrani trial postponed to April 16
    The trial of former CAF president Issa Hayatou and former secretary-general Hicham El Amrani was on Monday postponed by Egypt Economic Misdemeanors Court to April 16. The two are accused of violating local anti-monopoly rules, after they signed a contract with a French company Lagardère Sports on the management of media rights of African football. The Egyptian [...]
  • Egyptian govt to sell stakes in 20 state-owned enterprises

    Egyptian govt to sell stakes in 20 state-owned enterprises
    The Egyptian government says will sell state stakes in 20 state-owned companies through Egypt’s stock exchange over the next few years. Prime Minister Sherif Ismail who announced this said, of these, 10 are already listed on the stock exchange He said these future divestiture transactions are part of the state program to list certain state-owned [...]
  • Egypt embassies prepare for presidential poll, diaspora vote due March 16

    Egypt embassies prepare for presidential poll, diaspora vote due March 16
    Egyptians in New Zealand will be the first to cast their vote in the presidential election, as the diaspora heads to the polls more than one week before their compatriots at home. Deputy Foreign Minister Deputy Hamdi Loza, whose office oversees the elections for Egyptians abroad, said the first polling station to open its door [...]
  • Defaming Egyptian Security Would Be Deemed “High Treason.” – Sisi

    Defaming Egyptian Security Would Be Deemed "High Treason." - Sisi
    Egyptian President Abdel Fattah el-Sisi on Thursday warned that any defamation of the country’s security forces would be considered “high treason.” His warning came as security forces enter the fourth week of a campaign against militants in the northern Sinai Peninsula. Tens of thousands of troops have been deployed, backed by fighter jets and navy [...]
  • Total increases stake in Libya-based Waha Oil

    Total increases stake in Libya-based Waha Oil
    French energy company Total said it acquired a 16.33 percent stake in Libya’s Waha concessions from Marathon Petroleum in a $450 million transaction. The deal gives Total access to reserves and resources in excess of 500 million barrels of oil equivalent, with immediate production of around 50,000 barrels of oil equivalent per day. “This acquisition [...]
  • 12 Dead As Passenger Trains Collide in Egypt

    12 Dead As Passenger Trains Collide in Egypt
    At least twelve people have died and a further 22 are injured after two trains collided in Egypt, local media report. https://twitter.com/alwafdportal/status/968822062071664641 The incident reportedly occurred outside a train station in Kom Hamada, in the El Beheira Governorate, a coastal area in the north. A spokesperson for the minister of health was earlier cited by Egyptian media as saying 10 [...]