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Egypt mull plans to list SCA companies on Cairo stock market

The Suez Canal Authority (SCA) is considering listing three companies on the Egyptian Exchange (EGX) by the end of the year, Chairman of the SCA Osama Rabie said. Rabie, in an interview with Al-Arabiya, said that studies are underway with the finance and investment ministries and that the chosen companies are those that achieve the […]

African govts in fiscal bind amid high interest rates and debt squeeze

With the interest rates likely to stay high in 2024, governments across Africa are presented with a unique challenge and dilemma as they struggle to pay off rising levels of accumulated debt at the same time as they are being urged by the International Monetary Fund (IMF) to cut costly fuel subsidies and raise more […]

Beijing to revive Tazara railway as EU, US seek to challenge China’s dominance in key African trade corridor

China is reportedly on track to control the ailing African Tazara railway connecting Tanzania and Zambia, originally funded by Mao Zedong’s government in the 1970s, despite geopolitical needling over control of mineral trade routes. Amid growing geopolitical tensions over the control of trading routes for critical minerals in Africa, China has chosen the China Civil […]