Tunisia(2)

African start-ups break record with securing $1.2bn funding in 2024 — report

African start-ups recorded an impressive fundraising performance in July 2024, raising $420 million, the highest monthly figure since the tracking began in 2019, according to a recent report by Africa: The Big Deal. This sum also represents 2.5 times the average monthly amount raised over the past one year, signaling a strong rebound in investment […]

Morocco’s Inflation Turns Negative as Food Prices Decline in November

Morocco’s consumer price index registered negative 0.3 percent year-over-year deflation in November, driven primarily by falling food prices, according to High Commission for Planning data. This development reflects food product index decline of 1.2 percent offset partially by non-food product increases of 0.4 percent. Non-food product variations ranged from 1.5 percent decreases in transportation to […]

Egypt moves forward with privatization as Emirates NBD eyes Banque du Caire

Emirates NBD, the largest bank in Dubai by assets, has commenced due diligence on a potential acquisition of a stake in Banque du Caire, Egypt’s sixth-largest commercial bank. This acquisition is part of Egypt’s ongoing efforts to privatize state-owned businesses as the country seeks to raise up to $2.5 billion in its 2024-2025 fiscal year. […]