Moroccan king cashes in on Chinese cars | Nigeria’s stalled arms purchases | Egypt: Banque Misr tries to dodge US ban

More news: Sudan, DRC, South Africa

Wednesday 16 September Read this issue     Spotlight | Morocco How Chinese cars are driving Mohammed VI's business across the continent   Through his company Optorg and its Tractafric subsidiaries, the Moroccan king dominates a vehicle distribution network now closely linked to a huge network of Chinese companies operating in Africa.   Subscribers only | Politics, Business     DRC Ex-presidential representative Serge Tshibangu seeks to draw in foreign investors   The head of the US-Europe-Africa Business Council wants to bring together Congolese decision-makers, lenders and industrial groups in Johannesburg in November around major projects in the DRC. The aim is to replicate the model already used with South Africa's Yellowstone Group on a motorway project.   Subscribers only | Infrastructure       Nigeria Abuja's budgetary issues stall arms purchases from US and China     After signing several major contracts with American and Chinese suppliers to equip the armed forces, the Nigerian government is falling behind on payments, risking major delivery delays and leaving troops exposed.   Subscribers only | Defence       Egypt Banque Misr races to avert US blacklisting over Iran-linked transactions   Egypt's second-largest state-owned bank is marshalling financiers, diplomats and Gulf allies to try to head off US sanctions over $1.8bn in Iran-linked transactions before a late September deadline.   Subscribers only | Finance       Sudan Pro-SAF government seeks relief from debt stranglehold     Since the start of the conflict in April 2023, Sudan has been cut off from international financial channels. It has had to contend with a collapse of its currency and severely restricted access to markets.   Subscribers only | Finance       South Africa Parliamentary inquiry into troubled diamond firm Alexkor finally resumes   In early September, the speaker of the South African parliament granted a budget increase to the mineral resources committee to enable it to continue its work on the governance of the semi-public diamond company, which is currently in difficulty.   Subscribers only | Mining       Ethiopia Addis Ababa faces huge challenge to host 2028's Africa Cup of Nations   Ethiopia has submitted its bid to organise 2028's continental football tournament. Although the East African country is experiencing rapid economic growth, it has only one accredited stadium, while the situation in Tigray remains volatile.   Subscribers only | Infrastructure       Nigeria Tinubu dispatches Vice President Shettima to New York for UN General Assembly   Subscribers only | Diplomacy     Cameroon French groups Fayat and Egis take the state to Abidjan arbitration court   Subscribers only | Infrastructure, Politics     Morocco France to send local officials to observe kingdom's legislative elections   Subscribers only | Politics

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