Egypt’s Monetary Policy Committee on Thursday, November 20, has opted to maintain all key interest rates, keeping the overnight deposit rate at 21 percent, lending at 22 percent, and the main operation and discount rates at 21.5 percent. The decision underscores a guarded policy posture as inflation risks remain elevated both at home and abroad. […]
Shandong Yongsheng Rubber Group Co., Ltd., a leading Chinese tire manufacturer, has launched construction works of a major plant in Morocco, enhancing further the country’s growing automotive ecosystem. The Chinese group has earmarked $675 million investment for this new production site to be built over a 25 ha area in the Betoya Free Zone, Driouch […]
Uganda is grappling with a new Ebola outbreak, marking its sixth detection of the virus, which comes just as a mystery disease is causing growing concern in the neighboring Democratic Republic of Congo (DRC). A four-year-old child has become the second fatality linked to the Sudan Ebola strain following confirmation of the virus at Mulago […]
