Fact-Checked News Focus on Africa & Africans
South Korean electronics giant Samsung has named convicted heir and de facto boss Lee Jae-yong as its executive chairman. The symbolic move means the world’s biggest smartphone maker will now be officially run by the third generation of its founding family. Mr Lee, who was convicted of bribery and embezzlement in 2017, was granted a […]
The International Monetary Fund (IMF) has said on Thursday it had agreed a $3 billion Extended Fund Facility (EFF) over 46 months with Egypt, welcoming a move to “durable exchange rate flexibility” regime and commitments to boosting social protections. Egypt’s currency fell by about 13.5 percent to a record low against the dollar on Thursday, […]