Algeria wants to develop a car industry but it wants it fast and without meeting the pre-requisite: a competitive industrial cluster or ecosystem of local part suppliers. In 2019, after his election, Algerian President Tebboune had criticized car industry professionals in his country accusing them of practicing “disguised imports” due to the very low sourcing […]
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. […]
Egypt’s Public Prosecution has detained a young Egyptian student pending an investigation into charges of the premeditated murder of his girlfriend after the latter refused to marry the young man. 22-year-old Islam Mohammed according to the prosecution stabbed 17 times 20-year old Salma Baghat at Al-Shorouk Academy where both of them are students. Mohammed reportedly […]
