Beltone Financial completes acquisition of Cash Microfinance
Beltone Financial Holding announced Monday that it signed the final purchase contract for 100% of the shares of Cash Microfinance Company, directly or indirectly, through Beltone Financial and its subsidiaries.…
Trade between Egypt, Kenya increased to $663.6m in 2022
The volume of trade between Egypt and Kenya increased to $663.6m in 2022, up 4.1% from $637.4m in 2021, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).…
Egypt’s Finance Minister attends South Sudan’s 1st National Economic Conference
Mohamed Maait, Egypt’s Minister of Finance, participated as guest of honour in South Sudan’s 1st National Economic Conference in Juba on Monday. Maait was invited to the main platform with…
Egyptian Prime Minister leads ministerial delegation to Africa Climate Summit in Nairobi
Egypt’s Prime Minister Mostafa Madbouly arrived in Nairobi on Monday to represent President Abdel Fattah Al-Sisi at the Africa Climate Summit (ACS) hosted by Kenya. The Prime Minister is expected…
Two Emirati businessmen are now stakeholders in Eastern Company
Global Investments Holding Ltd, a company owned by Emirati businessmen Mohamed Alabbar and Abu Bakr Alhussaini, has acquired 30% of Eastern Company, Egypt’s largest cigarette maker, for $625m. According to…
Africa Climate Summit: Mohieldin Says African Carbon Markets Important for Climate Financing
Mohieldin made the remarks during a panel discussion on “Carbon Markets for Global South, featuring African Carbon Markets Initiative” at the Africa Climate Summit (ACS) in Nairobi.
Coup in Gabon: Ali Bongo the eighth west African leader to be ousted by military in two years
Gabon’s President, Ali Bongo, has become the latest in a string of African leaders to be ousted by a military coup in recent years. Bongo, who had just won a…
Touba: Madinet Masr’s innovative platform for flexible real estate ownership and investment
Touba unlocks new possibilities in real estate with its cutting-edge approach
Orascom-Thales alliance to upgrade Cairo-Beni Suef railway line for €340m
Orascom-Thales alliance, consisting of Orascom Construction and Thales, has signed a contract with the Egyptian National Railway Authority worth €340m to upgrade the railway line between Cairo and Beni Suef,…
Al Tadamun Microfinance Foundation gets EGP 120m credit facility from First Abu Dhabi Bank Egypt
Al Tadamun Microfinance Foundation, a leading provider of microfinance for women entrepreneurs, has renewed a credit facility agreement worth EGP 120m with First Abu Dhabi Bank Egypt, to expand its…
