Algeria has initiated an investigation into Sonatrach’s acquisition of the Augusta refinery in Italy. What’s more, one of the Algerian state-owned ... energy firm’s subsidiaries has found itself in the crosshairs of a Lebanese court.
After a profitable 2019 for the Norway based Chinese-backed OPay, the company has announced that several of its subsidiaries will be exiting ... Nigeria or temporarily stopping operations. In 2018, Chinese investors backed the startup with $180 million to take over the mobile money space in Nigeria.
An International Monetary Fund support program for Zambia is urgently needed as such an agreement would show that the government is serious about ... economic reform, a representative of the country’s creditors tells The Africa Report.