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Category: Business
Egypt, Turkey keen to boost trade to $15 billion over next five years
Egypt’s Minister of Trade and Industry Ahmed Samir, Tuesday August 1, as he began a trip to Turkey announced that the North African country plans ... Read More
Automotive sector tops Morocco’s exports, cuts deficit
Morocco’s trade deficit contracted by 6.8% in the first six months this year, thanks to a rise in car exports and a drop in energy ... Read More
Singapore strengthens economic ties with Africa, aims to become continent’s gateway to Asia
The number of Singaporean companies doing business in Africa has soared from only 60 in 2018 to more than 155 companies today, which demonstrates that ... Read More
Africa needs strong voice on global financial architecture reform — UNECA expert
Africa’s position on the global stage needs to be strengthened to allow the continent to fully participate in discussions on G20 initiatives such as the ... Read More
Abu Dhabi Islamic Bank Egypt appoints Egypt’s Minister of International Cooperation Rania Al-Mashat as board member
Abu Dhabi Islamic Bank Egypt (ADIB Egypt) has named Rania Al-Mashat, Egypt’s Minister of International Cooperation as a member of the board of directors. Al-Mashat, ... Read More
Zimbabwe could become world’s No. 5 lithium producer, buoyed by $1bn Chinese investment
After spending more than US$1 billion to acquire mining sites in Zimbabwe over the past two years, massive Chinese investment could help catapult Zimbabwe to ... Read More
Cairo-based Banknbox sets up HQ in Egypt
Banknbox, a financial technology (fintech) firm based in the Egyptian capital of Cairo, announced the opening of its $10 million regional headquarters in Egypt to ... Read More
North Africa’s economies to expand by 4.6% in 2023, green growth a priority — AfDB
North African countries are projected to see a slight increase in economic growth to 4.6% in 2023 and 4.4% in 2024, and should make green ... Read More
Morocco’s King receives Central Bank’s report confirming country’s economic resilience
Morocco’s economy showed resilience to external shocks thanks to the diversification strategy and the reforms undertaken over the past two decades, said Governor of Bank ... Read More
AfDB approves $70 Million risk-sharing agreement with Morocco’s BCP to develop foreign trade
The African Development Bank (AfDB) has approved a $70 million risk-sharing agreement with Morocco's Banque Centrale Populaire (BCP) to develop foreign trade. This agreement is ... Read More