Africa News

Suez Canal Chief Seeks to Dispel Fears Over Draft Egypt Law

The head of the Suez Canal Authority (SCA) Osama Rabie assured Thursday that the strategic maritime passage was "not for sale" following concerns raised in Egypt by a draft law under discussion in parliament. The Suez Canal, which sees…
CNBC Africa

Ghana overhaul a test for $1 billion World Bank-backed debt

Ghana’s debt restructuring plans are set to test a $400 million World Bank guarantee which was designed to provide extra security if the West African country failed to pay. Like other smaller, riskier emerging market countries including…