German KfW Moroccan ONEE sign financial deal in Rabat

Mixed legacy: in Africa, not everyone mourns Queen Elizabeth II

As Africa reflects on the legacy of Britain’s Queen Elizabeth II, from Kenya to Nigeria to South Africa, the monarch’s passing has reignited a sensitive debate about Britain’s colonial past in parts of the continent, particularly the queen’s role as head of state during British rule. The death of the British monarch has prompted an […]

Egypt applies to join Shanghai-based New Development Bank

Egypt has reached a deal with Shanghai-headquartered New Development Bank (NDB) to join the financial institution whose strategy the Arab country says is in line with its vision. Minister of Finance Mohamed Maait according to the statement from his department held talks with NDB’s Chairman Marcos Troyjo on the sidelines of COP27. Both parties, the […]

Egypt: Parliament approves $500M financing deal with Abu Dhabi Exports Office to support wheat imports

The Egyptian House of Representatives officially approved on Dec.15 a key financing agreement between the Egyptian Government and the Abu Dhabi Exports Office (ADEX). This agreement aims to support Egypt’s wheat imports through the General Authority for Supply Commodities (GASC), ensuring a reliable supply of wheat for the country. The framework outlined in the agreement […]