In a meeting with Prime Minister Mostafa Madbouly and other pertinent state officials on Sunday, Sisi ordered fostering a more competitive investment climate. The president underlined the need to ensure that investors experience tangible and swift improvements in the ease of doing business in Egypt through simplified procedures and reduced financial burdens.
Northern Africa

Egyptian President El-Sisi Reviews Procedural Burdens of Investors

News Desk -
launched a large-scale drilling campaign in the Ras Gharib fields
Northern Africa

Egypt Launches Large-Scale Oil Exploration Program

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Notably, for the first time, private sector financing outpaced government funding, marking a strategic shift in Egypt’s economic approach. Minister Rania Al-Mashat underscored the Ministry’s commitment to transparency and inclusivity, with the report serving as a vital tool for informing citizens and international development partners.
Northern Africa

Egypt’s Private Sector Achieves Significant Growth in Development Financing

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Old Mutual is broadening its footprint across several sectors—life insurance, general insurance, asset management, and lending—with lending operations already established in Namibia, Kenya, and Zimbabwe. The company is also rolling out new savings and income products across Africa, such as a retail funeral policy in countries like Malawi, Botswana, Eswatini, and Zimbabwe.
Southern Africa

Old Mutual Namibia Secures N$7.8 bn in Investments via Mauritius-Based Fund

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The Central Bank of Egypt (CBE) has lowered its key interest rates by 225 basis points, amidst signs of easing inflation. Following the Monetary Policy Committee’s meeting on April 17, the overnight deposit and lending rates now stand at 25% and 26%, respectively, while the main operation and discount rates are at 25.50%.
Northern Africa

Egypt: CBE Lowers Interest Rate by 225 Basis Points as Inflation...

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Suez Canal Revenue Up Significantly in 2024
Northern Africa

Suez Canal Revenue Up Significantly in 2024

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Benedict Oramah, President of Afreximbank, pointed to Africa's evolving trade footprint, noting that the continent's share in global trade has risen from 10% in the 1990s to 15% by the end of 2023. He added that Africa's GDP has now reached $3 trillion, signalling growing economic momentum.
Northern Africa

Afreximbank Unveils Plan for Enhancing Exports from Egypt

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In the province of Inhambane, southern Mozambique, Chapo launched a private project to build a petrochemical city, expected to cost at USD 2 billion (€1.7 billion), to create around 10,000 jobs.
Southern Africa

Mozambique Launches Project to Build National Petrochemical City

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The suspension of American aid, Louveira warned, presents a significant challenge for the health sector, directly affecting the provision of essential health services and the sustainability of priority and strategic programmes.
Southern Africa

Mozambique to Boost Relations with US Despite Aid Cut: Healthcare Most...

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Illegal gold mining in Lupilichi in Lago district is a cause for concern, and more than enough reason to urgently create a checkpoint in Chiwindi, close to the Republic of Tanzania.
Southern Africa

Illegal Gold Mining in Mozambique

News Desk -
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