Category: International Business & Finance
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Central Bank officials flee Libya
The head of the Central Bank of Libya, Sadiq al-Kabir, and other senior officials left the country to save their lives and those of their families. The militias threaten and terrorize bank employees, and sometimes kidnap children and relatives to force them to go to work,” al-Kabeer said.
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Libya, Morocco, and Seychelles lead Africa in ICT development
Libya leads the continent with an impressive ICT development index score of 88.1, followed closely by Morocco with a score of 86.8 and Seychelles at 84.7, media reported, citing a recent report by Statisense. The report evaluates nations based on their Information and Communication Technology (ICT) infrastructure, accessibility, and usage. Other strong performers include Mauritius,…
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Namibia denies entry to a ship possibly carrying Israeli arms
Local media reports that Justice Minister Yvonne Dausab demanded that the ship Kathrin, set to enter the port of Walvis Bay in Namibia, be denied entry. The Namibian government has not disclosed the type of military cargo potentially on board the Kathrin or the port where it was loaded.
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South Africa investigates alleged $7B corruption at state-owned companies
South Africa has active investigations into alleged corruption totalling more than $7 billion at some of its top state-owned companies, according to a report published Tuesday by the national anti-graft unit. The investigations are not new, and some have been running since 2018, and all of them were cited by the Special Investigative Unit (SIU)…
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Top 10 SaaS Companies of the World
Explore the top 10 SaaS companies in the world Software as a Service (SaaS) has revolutionized the way businesses operate, providing scalable, cloud-based solutions that enhance productivity, streamline workflows, and foster innovation. Over the past decade, the SaaS industry has grown exponentially, with numerous companies emerging as global leaders in this dynamic field. In this…
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South Sudanβs Upcoming Election at Risk Amid Economic and Political Struggles
South Sudan is set to hold its first national election on December 22, 2024, since gaining independence in 2011. Given its conflict-ridden history, an election presents the opportunity to move the country closer to a stable and democratic future. However, the election faces significant risks due to economic decline and political tensions. The young nation…
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IMF taps Jamaica finance minister for deputy role
The International Monetary Fund on Monday named Jamaican Finance Minister Nigel Clarke to a top post at the agency, after the official spearheaded fiscal reforms in the Caribbean nation. Clarke, nominated by IMF Managing Director Kristalina Georgieva, is set to replace Antoinette Sayeh as one of the IMF’s three deputy managing directors at the end…
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South Africa’s iconic luxury trains, Rovos Rail and The Blue Train, have been recognized as some of the world’s best
South Africa’s iconic luxury trains, Rovos Rail and The Blue Train, have been recognized as some of the world’s best, according to a recent ranking by Timeout The ranking, based on a survey conducted by Japan Rail Pass, analyzed Tripadvisor reviews, Instagram hashtags, and global search volumes to create an index score for the world’s…
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A Diplomatic Standoff Over Pavel Durov
The Background: Pavel Durov, the founder of the popular messaging app Telegram, has been a subject of controversy between Russia and France. He has been critical of the Russian government and has faced pressure from authorities. Durov’s French citizenship has complicated the matter, as both countries claim jurisdiction over him. The Recent Demand: Moscow has…
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