Latest in Highlight
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Removing tariffs, developing services, main pillars of achieving African common market
Africa accounts for 30% of petroleum production, 9% of world’s water resources, besides wealth in its human resources, 85% of which is youthful
IATF delivers message Africa ready for economic cooperation in all fields: Madbouly
AU considers all agreements that can enable Africa to achieve progress: AU Commissioner
Al-Sisi announces new resolutions to achievie economic integration in Africa
Africa 2018 Forum discussed developing continent’s infrastructure, creating new job opportunities.
What will it take to create next generation of entrepreneurs in Africa?
Start-ups in Africa raised just $556m from investors in 2017 (compared to $7bn raised in India) and that the number of incubators and accelerators of start-ups has grown to more than 440 in 2018, compared to 314 two years ago, according to a just-released study by the IFC
Money smuggled from Africa
International institutions should review frameworks of combating money laundering
Africa must be new export destination: study
Egypt one of largest producers, consumers of pharmaceuticals in both Middle East, Africa
CBE’s governor calls for recovery of Africa’ smuggled funds
Amer, Lagarde co-chaired African Consultative Group meeting in Bali
WB to invest $45bn in Africa over next three years
Egypt presents a memorandum to WB, IMF with African Caucus demands, says MIIC
Can Africa develop on green power?
85% of payments still cash, mostly in Africa: economist, former governor of Reserve Bank of India
SMEs are ideal for technology, and innovative financial solutions
Afreximbank directs $150m for factoring activities in Africa until 2021
Awani noted that the bank is based on several pillars in promoting factoring in the continent, first is financial intervention through providing lines of credit and also guarantees
Is Africa becoming the world’s dumping ground for dirty diesel vehicles?
Indian PM: our African partnership includes implementation of 180 credit lines worth about $11bn
Indian prime minister, Narendra Modi, said that his country’s development partnership with Africa currently includes implementation of 180 Lines of Credit worth about $11bn in over 40 African countries. “At the last India Africa Forum Summit, we had committed a concessional Line of Credit of $10bn, and $600mn in grant assistance,” said Modi on Wednesday …
Communication between TE, Liquid Telecom opportunity to reveal investment in Africa
Telecom Egypt (TE) has signed an agreement with Liquid Telecom from South Africa to continue building “The One Africa” fibre optic network, which would pass through South, Central, and Eastern Africa. He considered it an opportunity for TE to penetrate Africa and discover new investment opportunities. Khaled Negm, the former minister of communications and information …
Cairo tops Africa’s cities in terms of FDI attraction in UN-Habitat report
Egypt’s capital Cairo held the first place in Africa in terms of volume of foreign direct investments (FDI) attracted, followed by South Africa’s Johannesburg in second place, then Morocco’s Tangier in third, Nigeria’s Lagos as fourth, and Morocco’s Casablanca ranked as fifth, according to the latest report issued by United Nations Human Settlements Programme, (UN-Habitat). …
Working with insects in Africa
Oldest dated Homo sapiens fossil outside of Africa, Levant unearthed in Saudi Arabia
Uncovered fossilised finger dates to 85,000 years ago, when desert was lush grassland humans were able to colonise
Attijariwafa Bank signs MoU with Expolink to raise Egyptian exports to Africa
Group aims to establish joint ventures between Moroccan, Egyptian investors, explore joint investment opportunities in countries it is located in
Experts, artists, academics at Luxor African Film Festival assert culture’s importance to development
Cultural development should get same attention as militaries, economies in Africa, says festival president Sayed Fouad
Shoukry starts African tour on Monday with South Sudan, Kenya
Abbas meets Sudanese officials to boost security cooperation
Chinese investments across the world
Overseas Chinese investment allows China to enhance its own economy, increase its influence abroad
Op-ed review: criticising BBC, Turkish tour of Africa
Some writers dedicated their op-eds to follow into the footsteps of recent escalation by Egypt’s State Information Service against the BBC network over a report on detention, torture, and enforced disappearances. Al-Youm Al-Sabea Managing Editor Akram Al-Qasas believed that reporters did not make attempts to complete the story by reaching for further sources. Moreover, he …
Supporting transport initial step to boosting Egyptian exports to Africa
We need an entity linking exporters with shipping lines, says Diab
Iran intervenes in Africa to besiege Arab countries: Diaa
Qatar acts as proxy for major powers to achieve its interests
Poor infrastructure curbs Africa’s inclusive growth: African Economic Outlook
Continent’s infrastructure needs estimated at $130–170bn annually
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Remains of oldest human outside Africa discovered
This is an exciting discovery that confirms other suggestions of an earlier migration out of Africa; says researcher
Egypt to chair upcoming African Union Summit
Al-Sisi praises AU efforts on issue of institutional reformation
Op-ed review: Al-Sisi in Africa, presidential election
State media focused on President Abdel Fattah Al-Sisi’s visit on Saturday to Addis Ababa to participate in the 30th Ordinary Session of the African Union Summit. Both leaders of the two main state-run dailies addressed the role of Egypt in Africa. In Al-Ahram, Abdel Mohsen Salama, chairperson of the newspaper and president of the Press …
Gulf Capital closes 3 new growth capital transactions in Egypt, Africa, Turkey
Fund will allocate $22m for oil, gas infrastructure in Egypt
Finding talent Africa’s main private sector challenge: Isaac Fokuo
SACE aims to see African companies penetrate African, Chinese markets in 5 years