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Egypt seeks to achieve integration with Africa in energy field: Electricity Ministry
Since taking over the presidency of the African Union (AU), Egypt has been actively working on a comprehensive vision to achieve integration among African countries, especially in the energy field, Egypt’s Electricity Ministry spokesperson, Ayman Hamza, said. He told DNE that the second ordinary session of the African Union (AU) Specialized Technical Committee on Transport, …
Arabs in AFCON: many appearances with little achievements
CAF Africa Cup of Nations (AFCON) is one of the largest continental competitions awaited by football fans from the moment its last match ends to the moment the new championship starts. AFCON is organised by the CAF every two years to determine the continent’s champion. It is ranked third in the world after the FIFA …
GSMA, CBE discuss inter-countries mobile financial services in Africa
Mobile money industry processed $1.3bn in transactions per day during 2018
WBG to scale up its support for Africa’s climate adaptation
Bank will provide $22.5bn to Africa for climate adaptation, mitigation for 5 years from 2021 to 2025
AFCON mascots mirror cultural heritage of Africa
Mascots have always been used in sports competitions for promotion and marketing purposes and to cheer up the fans who come from all over the world to enjoy the sports. Mascots are also used for charity tours. Stemmed out from their cultures, African nations have been creative in choosing mascots for the sports events. In …
Africa drowning in armed conflicts
Conflict over diamonds, power, ravages continent
CSC aims to promote Egyptian-Saudi cooperation in Africa
New initiative comes in line with Egypt’s presidency of African Union, says CSC chairperson
Op-ed review: Africa, constitutional amendments
Writers continue to follow constitutional amendments, AU summit
KarmSolar identified among companies to inspire Africa 2019: LSEG’s report
KarmSolar, Egypt’s fastest growing solar energy solutions company, has been identified by the London Stock Exchange Group (LSEG) as one of the Companies to Inspire Africa 2019 listing. The LSEG report acknowledged Africa’s most dynamic businesses. Companies need to be privately held, and show an excellent rate of growth and potential to push African development, …
Africa on path towards resolving economic challenges
It is estimated that by 2030, one in five people will be African. Given the continent’s population size, Africa’s labour force has the potential to prompt the global growth for decades. However, in order to do that, Africans must implement the necessary reforms today. As its population matures, governments, institutions, and organisations need to help …
EIB confirms support for €498m transformational investment across Africa at Vienna summit
For transforming sustainable transport, EIB provides €350m for Cairo Metro
Africa has to get over calls of protectionism, open markets to world trade: Al-Sisi
Technology is gate to sustainable development, cornerstone for building competitive and diverse economies
Integrating Africa is a must: head of African Programme at ACPSS
Egypt has to launch initiatives that strengthen AU: Al Taweel
AfCFTA, COMESA ways for thriving Africa
Agreements to increase trade opportunities among African countries with 52% by 2022: Nassar
Stronger Egypt’s economy accelerates African growth: Afreximbank
Global growth is projected to strengthen to 3.9% in 2018 up from 3.7% in 2017, benefiting from the improvement of market sentiment, still-accommodative financial policies, strong global demand, and synchronised output expansion in both developed and developing economies, according to the African Export-Import Bank (Afreximbank) outlook to economy performance that will affect the scene in …
More investments, promotion required to boost Egypt’s presence in Africa
Ambassador Gamal Bayoumi, secretary-general of the Arab Investors Union (AIU), said that injecting more direct Egyptian investments in the African market will significantly help in boosting Egypt’s presence in the continent. He added in an interview with Daily News Egypt that Egypt must take real action on the ground, not only organising events, to succeed …
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.
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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 …