Day: December 19, 2023

A meeting was held at the headquarters of the Suez Canal Authority (SCA) in Ismailia between Minister of Transport Kamel Al-Wazir, SCA Chairperson Osama Rabie, and representatives of the Saudi national maritime transport company “Bahri”. The meeting aimed to discuss the potential partnership between the Egyptian Ministry of Transport, the…

The Central Bank of Egypt (CBE) reported an increase in the total financial position of banks operating in the local market, excluding the CBE, to about EGP 14.742trn by the end of the third quarter of 2023. In its quarterly report on the financial soundness of banks, the CBE explained…

Banque du Caire and the General Authority for Investment and Free Zones (GAFI) have signed a memorandum of understanding (MoU) to enhance cooperation in the investment field, as part of the government’s plan to maximise the role of all institutions in promoting investment in Egypt. The MoU was signed by…

African Trade & Investment Development Insurance (ATIDI) has announced its plan to support the 20 MW Ituka West Nile Uganda Ltd solar project, developed by AMEA Power, a Dubai-based Independent Power Producer (IPP). The project will connect to the national grid through a new high-voltage transmission line operated by Uganda…

Kenya and the European Union signed the Kenya-European Union Economic Partnership Agreement in Nairobi on Monday, reaffirming their commitment to enhance economic cooperation. The signing ceremony was attended by Kenyan President William Ruto and EU Commission President Ursula von der Leyen at the State House. President Ruto said the agreement…

Egypt is where culinary traditions are deeply rooted, Ragab El Attar stands tall as a 100% Egyptian company that has been shaping the world of the spices and nuts industry since its beginning in 1965. The company showcased its finest products and revealed new additions at the prestigious Food Africa…

Angolan Minister of Foreign Affairs Téte António emphasized the importance of implementing the chain of command in the A3 Mechanism for the reform of the UN Security Council. He addressed Africa’s role in the Council in the first panel of a high-level seminar on peace and security in Africa in…

The International Monetary Fund’s (IMF) board has approved the disbursement of $150.5m for Tanzania’s budget support, as part of its $1.04bn Extended Credit Facility (ECF) that was approved in July 2022. This comes after the completion of the programme’s second review, which increased Tanzania’s total access under the arrangement to…

The United Nations Development Programme (UNDP) in Egypt and the Misr El Kheir Foundation (MEK) have signed a Memorandum of Understanding (MoU) to collaborate on technology and innovations, especially for non-governmental organizations and relief efforts. The MoU builds on the past cooperation between the organizations, and reaffirms their joint commitment…