News

After a one-year hiatus from military leadership, Egypt returns to its military-dominated roots with the newly elected president Abdel Fattah Al Sisi, a former military chief. Sisi, who led a coup last year against the country’s first freely elected president Mohamed Morsi, won the presidential election with a landslide victory against his only rival, the leftist politician Hamdeen Sabahi.

Malawi’s high court on Saturday swore in Peter Matharika, a former foreign minister and law professor, as the country’s newly elected president. The inauguration came on the heels of the country’s electoral commission releasing the May 20 presidential election results after refusing to delay its release due to disputed election results and a call for a recount.

The Export-Import Bank of the United States said it has approved $33.6 million in direct loans to Abengoa Solar, multinational Corp. as part of its renewable-energy push to encourage the export

Emerging markets focused private equity firm, the Abraaj group said it has invested in African Industrial Services Group, one of African engineering services and component manufacturer and distribution companies, through one of its funds .