Addis lays groundwork for new stock exchange
Addis Ababa wants its stock exchange: The Ethiopian administration is seeking external consultants to assist the newly established Ethiopian Capital Market Authority, tasked with creating a regulatory framework for the country's future stock market.
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Plot thickens in Helin International money laundering investigation
In a case involving allegedly misappropriated funds from the wealth management fund being investigated in several jurisdictions, it has emerged that Russian-Swiss investor Aleksei Korotaev recently attempted to capture assets from these Helin International accounts, despite being scrutinised by US investigators.
Sisi plans fresh green bond issue to finance his infrastructure projects
The Egyptian government is preparing to issue new "green" bonds to finance its sustainable development projects. Although it is still struggling to cope with the repercussions of the war in Ukraine, Egypt is using every possible means to attract foreign investment.
LIA sovereign wealth fund opens mysterious branch in London
The Libyan Investment Authority (LIA) sovereign wealth fund opened a subsidiary in London on 16 January. LIA officials have not commented on the purpose of the subsidiary, which is called the Libyan Foreign Investment Company, or the identity of its directors.
Algiers continues to curb access to new foreign banks
As has been the case for the past fifteen years, the annual list of banks approved of by Algiers does not feature any foreign newcomers. The situation, which is down to lack of political will and an uncompetitive business environment, does not look likely to change.