Egypt’s Tax Authority demands taxpayers quickly pay original dues before end of June
This is in order to benefit from the facilities provided in the draft law to override delay fees and the additional tax dues that the Egyptian Tax Authority handles, including…
NBE raises stake in Afrexim Bank by $326.6m
This comes after Afrexim Bank invited shareholders to participate in increasing its issued capital by $6.5bn, of which it is currently paying 40% at a value of $2.6bn.
Egypt’s Tanmeyah acquires tech-driven B2B platform Fatura
The platform brings together retailers, manufacturers, and wholesalers in one place. Fatura offers its users a multitude of innovative services, including B2B buy now pay later services and marketing support.
Annual urban inflation in Egypt hits three-year high in May driven by price hikes of water supply, subsidised vegetable oils, rice
Inflation continues to be affected by depreciation of exchange rate, repercussions of Ukraine war which led to higher international food prices
Raqamyat for payments and e-commerce begins its work in Egypt
The company aims to build a strong electronic payments community in the Middle East and Africa and creating new job opportunities by launching several e-commerce projects.
SODIC subsidiary signs EGP 600m credit facility contract with Al-Ahli United Bank
The company explained that the signing of the credit contract for deducting checks — or “receipt papers” — represents future instalments for units that were delivered in the East Town…
Egypt works hard to contain current, future inflation, maintain jobs, investments: CBE Governor
During the opening of the 29th Afreximbank Annual Meetings on Wednesday, Amer said: “We are happy that we still have inflation under reasonable control, considering the global inflation, however, we…
Namibia’s economy expected to grow by around 3% in 2022:central bank
Namibia's economy is expected to grow by around 3 percent this year, the central bank said Wednesday. According to the Bank of Namibia (BoN) governor Johannes Gawaxab, domestic economic activity…
AU condemns terror attack in Burkina Faso
The Chairperson of the African Union (AU) Commission Moussa Faki Mahamat on Tuesday evening condemned a terrorist attack in Burkina Faso. In a tweet, the chairperson strongly condemned the unspeakable…
Egypt, EU, Israel sign gas export deal in Cairo
The deal will allow Israel to export gas to Europe via Egypt. This comes as the EU races to cobble an energy strategy to replace the Russian gas supplies it…