ICSID

Angola
Threatened with $100m arbitration over Kwanza-Sul cement plant, Luanda keeps silent

The Emirati company ETA Star International, which built the plant, is threatening to take the case to the ICSID. The government has chosen not to respond.

Tanzania
Arbitration dispute for $500m starts between Tanzania and Mauritian firm Aqua Power

Aqua Power and Catalysis Capital have accused the Tanzanian authorities of blocking the operations of a gas-fired power station built in 2016 by their local subsidiary.

Tunisia
ABCI refuses to give up its battle against the state

The former main shareholder in Banque Franco-Tunisienne, who believes that ICSID's impartiality has been compromised, has been launching a series of attacks on the arbitration body.

Tunisia
ABCI points to irregularities in ICSID arbitration process with Tunis

In 2023, ABCI Investments was awarded only modest compensation for the 1989 expropriation of its Banque Franco-Tunisienne. But it is not giving up and is now questioning the conditions under which arbitrators are appointed.

Morocco
Aziz Akhannouch reorganises inner circle

The Moroccan prime minister is carrying out a major reorganisation of his cabinet and has just appointed a new secretary general.

Niger
Aviation group Menzies tries to maintain pressure on Niamey

The British aircraft ground handling services provider has filed a request with a US district court.

Libya
Construction giant Strabag goes on offensive in Malta to recover €130m

Austrian construction giant Strabag is pushing to have upheld an ICSID ruling condemning the Libyan state for damages over contracts cancelled after the 2011 revolution.

Tunisia
Tunis calls on legal consultant Éloïse Obadia in bid to ward off international arbitrations

In an effort to limit foreign investors' recourse to international arbitration, Tunis has enlisted the services of a former senior counsel to the International Centre for Settlement of Investment Disputes.

Algeria
Businessman Djamel Ben Ferha takes Belgium to arbitration over White Star affair

Businessman Djamel ben Ferha, who blames the Belgian state for the collapse of his football club, Royal White Star Bruxelles, took his case to the ICSID at the end of May.

Egypt, South Sudan
Arbitration between Elsewedy Electric and Juba on hold

Arbitration proceedings launched by Elsewedy Electric against South Sudan's Ministry of Electricity and Dams before the ICSID were put on hold on 20 March. The dispute concerns a photovoltaic park project near Juba.

Libya
Arbitration team appointed in case pitting Libyan wealth fund against Belgian prince

ICSID, the World Bank's arbitration body, will rule on asset seizures made in a case that has pitted Laurent of Belgium against the Libyan Investment Authority for almost a decade.

The New Guard
Nigeria, Kenya, Somalia

Every Wednesday, Africa Intelligence spotlights a new generation of movers and shakers in business and politics.

Nigeria Tolu Obamuroh, Abuja's young legal eagle

Kenya Wanjiku Thiga fights rising femicide rates

Somalia Mohamed Osman, the president's economic expert

Nigeria
Tinubu paves way for businessman Samuel Dossou-Aworet in sale of Shell assets

Shell's announcement of the sale of its Nigerian onshore subsidiary is a sign that President Bola Tinubu has made a break with the policies of his predecessor. The buyer, a consortium led by Samuel Dossou-Aworet, had previously failed to get presidential approval.

Algeria
Tribunal set up for MSC's dispute with government

A tribunal has just been created to hear the dispute between three Mediterranean Shipping Company (MSC) group companies and the Algerian state at the International Centre for Settlement of Investment Disputes (ICSID).

Nigeria
Abuja agrees to settlement with ENI over OPL 245

The ICSID hearing over the long-running legal saga between Nigeria and ENI was quickly suspended. The country has agreed to discuss an amicable settlement over block OPL 245, more than 12 years after its acquisition.