Day: November 12, 2023

Taly, a company that specializes in digital payment solutions backed by Banque du Caire, is planning to launch a new platform for corporate payments next month, as well as an app for individual payments, as part of its expansion strategy. Magdy Hassan, the CEO of Taly, told Daily News Egypt…

A new malicious WhatsApp mod that also works on Telegram has been discovered by Kaspersky researchers. The mod claims to offer extra features for the popular messaging apps, but it also secretly collects personal data from the users. The malware has infected over 340,000 devices in just one month, mainly…

Suez Canal Bank has joined the Fortune 500 Arab list for 2023, which ranks the largest 500 companies in the Arab region from the Middle East and North Africa. The bank achieved this feat after posting strong financial results in 2022, which reflected its established position and its continuous efforts…

African Export-Import Bank (Afreximbank) has signed several agreements with various partners to boost different economic sectors in Africa.  FDH Bank Malawi and Afreximbank signed a facility agreement worth $10m. The agreement was signed by George Chitera, Deputy Managing Director of FDH Bank, and Gwen Mwaba, Director of Trade Finance at…

Benedict Oramah, the President and Chairperson of the African Export-Import Bank (Afreximbank), announced the completion of the first oil production project initiated by Nigeria. Oramah said that this project will produce 650,000 barrels of oil per day, adding 4% to Nigeria’s gross domestic product (GDP) for a certain period. He…

Emily Mburu-Ndoria, Director of Trade in Services, Investment, IPR, and Digital Trade at the African Continental Free Trade Agreement (AfCFTA), announced that several cooperation protocols have been signed to support and finance e-commerce in Africa. These protocols were approved by 46 African countries that are part of the AfCFTA, to…

Egypt’s annual urban inflation decreased to 35.8% in October, down from 38% in September 2023, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). CAPMAS said in a statement on Saturday that the overall consumer price index for the whole country reached 190.1 points for October 2023, reflecting…

NI Capital, a subsidiary of the National Investment Bank, has chosen an independent financial advisor to assess the fair value of Heliopolis Company for Housing and Development (HHD), one of the largest real estate developers in Egypt, sources have told Daily News Egypt. The evaluation has been completed and the…

MARRAKESH, Morocco – The Africa Investment Forum (AIF) 2023 Market Days concluded today with a resounding success, securing $34.82bn in investment interests. This remarkable achievement, all in just 72 hours, is a testament to the growing confidence in Africa’s investment potential and the AIF’s role as a premier platform for…