Mena

Headlines

Benin Awakens to the Threat of Terrorism After Safari Ends in a Nightmare

PENDJARI NATIONAL PARK, Benin — As a safari guide in a sprawling wilderness preserve in West Africa, Fiacre Gbédji often seemed no different from the tourists in his care: He gushed at each lion sighting and thrilled at each bushbuck he spotted through the trees.But when Mr. Gbédji and two French tourists he was guiding deep within Pendjari National...

Al-Bashir Is on Trial in Sudan. He’s Not the First Dictator to Land in Court.

Omar Hassan al-Bashir, the former president of Sudan, appeared in court this week, peering out through a metal defendant’s cage as his trial began.Mr. al-Bashir, a dictator who spent more than three decades in power before being ousted in April, is facing charges of corruption and money laundering. While some celebrated the trial as a symbol of a...

After Safari Ends in a Nightmare, Benin Awakens to the Threat of Terrorism

PENDJARI NATIONAL PARK, Benin — As a safari guide in a sprawling wilderness preserve in West Africa, Fiacre Gbédji often seemed no different from the tourists in his care: He gushed at each lion sighting and thrilled at each bushbuck he spotted through the trees.But when Mr. Gbédji and two French tourists he was guiding deep within Pendjari National...

Al-Bashir Trial in Sudan Opens with Claim of $90 Million Payment From Saudis

CAIRO — Sudan’s deposed leader, Omar Hassan al-Bashir, told investigators that he had received $90 million from Saudi Arabia, a Khartoum court heard on Monday during the opening of Mr. al-Bashir’s keenly anticipated trial on corruption charges.A senior police officer testified that Mr. al-Bashir, who was ousted in April after months of street...

The Thick Gray Line: Forest Elephants Defend Against Climate Change

Poaching destabilizes nations, disrupts ecosystems and threatens biodiversity. A recent study suggests still another consequence: Some types of poaching may also accelerate climate change.Forest elephants — the smaller, endangered relatives of African savanna elephants — promote the growth of large trees that excel at storing carbon, according to...

Finance

Why many foreign companies are on the verge of leaving Gabon

IT IS OFTEN said of countries that their real wealth lies in their people. Few say this about Gabon. With 2m people and twice the land mass of England, it is among Africa’s richest countries, with a GDP per person of $8,300. Almost all of this comes from natural resources. Gabon exports oil, timber and palm oil. It is also the world’s third biggest...

Has Rwanda been fiddling its numbers?

AT THE HEART of Rwanda’s capital sits the Kigali Convention Centre, a $300m monument that lights up the night with the national colours of blue, yellow and green. It symbolises modernity and prosperity in a country that has bounced back from a genocide in 1994 when perhaps 500,000 people, mostly Tutsis, were killed. As impressive as the skyline are...

Zimbabwe faces its worst economic crisis in a decade

AT HIS PENTECOSTAL church in Harare, Zimbabwe’s capital, Bishop Never Muparutsa sighs at the empty pews. In recent weeks, as the economy has deteriorated, his congregation has shrunk from 400 to 120. Mr Muparutsa sends Bible verses via WhatsApp to those too poor to travel. He tries to keep sermons upbeat. But he is worried about his formerly ebullient...

A row over teaching in French has reopened old wounds in Morocco

FRANTZ FANON, a great theorist of colonialism, wrote that “every colonised people...finds itself face to face with the language of the civilising nation.” This confrontation can persist years after independence. Just ask Morocco. Some in the former French colony are up in arms over a law reintroducing French as a language of instruction in schools....

Southern separatists are tearing Yemen apart

SAUDI ARABIA’S air strikes in Yemen have often missed their mark, causing hundreds of civilian casualties. But when the kingdom bombed its own allies on August 11th it was no mistake. The target was southern separatists, who had seized the city of Aden from Yemen’s internationally recognised government a day earlier. On paper, at least, the Saudis,...

Legal

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Foresight makes MEIF investment into software-based franking alternative business Postworks Limited

Foresight Group LLP (“Foresight”) announces the investment into Postworks Limited (“Postworks” or the “Company”) on behalf of the Midlands Engine Investment Fund (“MEIF”). This mark’s Foresight’s third MEIF investment since its launch in February.   Postworks is an online franking company providing small and medium...

Cambodia: Protest Supports Villagers Challenging Foreign Forest Concession

[unable to retrieve full-text content]Foreign investments; Forests and timber; Judiciary; Minority rights; Natural resources - On September 22, 2015, a group of approximately 100 Cambodians from the Phnong ethnic group rallied to support five members of the group who were questioned in court and then released. The issues involved were...

European Union: Adoption of Decision to Relocate Asylum Seekers

[unable to retrieve full-text content]Asylum; Immigration; Refugees; Treaties and International Agreements/Refugees - On September 22, 2015, the EU Justice and Home Affairs Council adopted a proposal, introduced by the European Commission on September 9, 2015, in response to the unprecedented influx of migrants who have sought refuge...

Brazil: End of Age Limit for Assisted Fertilization

[unable to retrieve full-text content]Families ; Health; Pregnancy - On September 22, 2015, the Brazilian Federal Council of Medicine (Conselho Federal de Medicina, CFM), issued Resolution No. 2,121/2015 on, inter alia, eliminating the need by women over 50 years of age to obtain the consent... The Global Legal Monitor from the Law Library of Congress...

Deals

Israel’s Magenta Venture Partners announces first closing of a new $100M fund focused on early stage Israeli startups

Israeli VC firm Magenta Venture Partners announced today a new venture capital fund targeting $100 million. The new fund had its initial closing in October 2018 and is planning its final closing in 2019. Magenta Venture Partners is an equal partnership between Mitsui & Co. Ltd., one of the largest trading and investment companies in Japan,...

Roquette invests in Israeli seed breeding company Equinom

The companies signed an agreement to develop high-protein pea varieties for food markets Roquette, a global leader in plant-based ingredients for Food, Nutrition and Health markets and a pioneer in new vegetal proteins, and Equinom Ltd., an innovative Israel based breeding technology company, have signed a partnership agreement for the development...

Maitland acquires Talaria, launches Maitland Family Office

Cross-border specialist wealth service likely to appeal to those needing offshore estate planning Maitland, the global advisory and administration firm, has announced the formation of Maitland Family Office, a multi-family office to service high net worth families, individuals and entrepreneurs in South Africa. The new entity will be one of the...

MENA drops 57.6% in value of M&A

The value of mergers and acquisitions in the Middle East and North Africa region declined by 57.6 per cent in 2017, despite the deal count maintaining almost the same level as the previous year, according to Mergermarket, a provider of M&A data and intelligence. For full year 2017, 126 deals worth approximately $16 billion (Dh58.76 billion) were recorded...

Private equity consortium invests into supplier of corporate and promotional apparel

A private equity consortium comprising RMB Corvest, RMB Ventures and Ethos Mid Market Fund have, alongside management, acquired 100% of Kevro, Africa’s largest value-add supplier of corporate and promotional apparel, and other brandable products.  Kevro was acquired from Ethos Fund VI, which had owned a 72% stake in the group since 2011 and...