Marrakech Jamaa El Fna

Libya, Sudan push for African Investment Bank to drive continental development

Libya and Sudan have reaffirmed on April 12 their commitment to advancing Africa’s economic architecture, with renewed efforts to operationalize the African Investment Bank positioned at the centre of their engagement.   Acting Libyan Foreign Minister Taher Al-Baour held talks in Tripoli with Sudan’s Foreign Minister Mohi El-Din Salem, focusing on regional developments and the […]

EBRD supports Egypt with €183m to help generate 1.3 GW of renewables

The European Bank for Reconstruction and Development (EBRD) will support the Egyptian Electricity Transmission Company (EETC) with $183 million to finance the modernization of the electricity grid by injecting renewable energy and strengthen the transmission network in the country. The EBRD funds will facilitate the integration of 1.3 GW of new renewable energy into the […]

Egypt suspends customs duties on essential goods for six months

Egypt’s Premier Mostafa Madbouly announced Monday October 9 the government decision to suspend from next Saturday duties and customs on essential goods as part of the efforts to curb inflation, especially in food prices. Speaking at a press conference, Madbouly indicated that the government also agreed to reduce the prices of seven basic commodities by […]