Africa Finance Corporation targets combining renewable infrastructure projects to attract more funding
| | |

Africa Finance Corporation targets combining renewable infrastructure projects to attract more funding

Lagos-based Africa Finance Corporation (AFC) will shift its energy portfolio towards greener projects to attract greater investment from institutional partners, its new chief investment officer Sameh Shenouda announced. Shenouda joined the pan-African infrastructure bank from Blackstone-owned energy group Zarou on Monday, and he said the AFC board had agreed to a plan to bundle new…

Sudan accuses Ethiopian forces of incursion as land dispute threatens to escalate into full blown war
| | |

Sudan accuses Ethiopian forces of incursion as land dispute threatens to escalate into full blown war

Sudan’s government has accused Ethiopian troops of entering its territory, further escalating a dispute over land that straddles their border. In a statement, the Foreign Ministry said, “Sudan strongly condemns the aggression carried out by Ethiopia, in which its forces entered into territories that legally belong to Sudan.” It described the incident as “a direct…