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Kenya: President Ruto backs rival Odinga in race to chair African Union Commission

Kenya has officially submitted the candidacy of historic opponent Raila Odinga to succeed Chad’s Moussa Faki Mahamat in the race to chair the African Union Commission, Nairobi announced in a press release. The election is due to take place in February 2025. Following the principle of rotation, it is the turn of the East African […]

Moroccan government approves 47 new investments worth $5.5 bln

Morocco’s National Investment Commission has approved 47 new investment projects totaling 51 billion dirhams ($5.5 billion), in a major push to stimulate economic growth and job creation across the kingdom. The approvals, announced during the 8th session of the Commission, include 36 new agreements and 11 amendments to existing ones. The projects are expected to […]

Egypt : 10% tax on capital gains and stock dividends introduced

One of the first economic reforms under President Al-Sisi has been announced. Henceforth, a 10% tax will be levied on capital gains and stock dividends but the percentage could be lowered to 5% in some cases. The taxes are expected to generate between 3,5 and 4,5million Egyptian pounds. The new law was approved by the […]