Business-Sukuk

Algeria: PM claims President in control of country’s affairs

Algerian Prime Minister Monday rejected claims of some prominent public figures suggesting that the country’s President Abdelaziz Bouteflika has lost control of the country. During a meeting with investors in Blida, Abdelmalek Sellal stressed that ailing President Bouteflika was in full control of the country’s management. He added that the President is ‘daily’ and ‘step […]

Mauritanian president replaces pro-Algeria generals

In a major army leadership reshuffle, Mauritania’s president Mohammed Ould Ghazouani removed generals who had recently met Algeria’s chief of staff. Mauritanian observers said the move was a pre-emptive strike from President Ould Ghazouani, sensing a potential Algeria-orchestrated coup. Under the reshuffle, General Mohamed Vall Ould Raïs was appointed new Chief of Staff of the […]

Zimbabwe: China’s CNR acquires Williams Minerals lithium mine amid rising demand

China Natural Resources (CNR) has acquired Zimbabwe’s Williams Minerals lithium mine from Feishang Group and Top Pacific for $1.75 billion, the aim being to strengthen the Chinese company’s position in the lithium market and increase its capacity to supply the critical resource to its customers. This strategic move by CNR was motivated by the rising […]