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Three Egyptian banks to launch $83m fintech fund

Three Egyptian banks, including Banque du Caire, will launch this month a fintech fund estimated at around $83 million amid increase in investment in Egypt’s fintech industry. Banque du Caire is joined by National Bank of Egypt (NBE) and Banque Misr to carry out the initiative, Rasha Negm, Assistant Sub-Governor Information Technology at NBE indicated. […]

WTO warns Africa risks missing AI trade boom without urgent digital reforms

The World Trade Organization (WTO) has warned that Nigeria and other African economies risk being excluded from the next wave of global trade unless they urgently invest in digital infrastructure, skills, and AI governance. According to the WTO’s 2025 World Trade Report, artificial intelligence (AI) could boost global trade by up to 37% by 2040, […]

European Parliament refers gas blackmail to EU Top Diplomat Borrell, criticism grows of Algeria’s cynical manipulation

Following reactions of several Members of the European Parliament regarding Algeria’s unilateral decision not to renew the agreement to supply Europe with gas via the Maghreb-Europe Gas pipeline, the European Parliament has officially referred the issue to the EU High Representative for Foreign Affairs and Security Policy, Josep Borrell. MEP and former President of the […]