WEF report 2024: sub-Saharan Africa to see moderate growth amid economic uncertainty

World Economic Forum’s (WEF) annual survey of chief economists from the public and private sector is relatively upbeat about Africa, with 65% of them expecting moderate growth in sub-Saharan Africa this year, but geopolitical rifts could hit global growth. According to the WEF’s Chief Economists Outlook report, 56% of the chief economists polled anticipate a […]

Egypt: reforming the financial sector before 2014

Chairman Sherif Samy of the Egyptian Financial Supervisory Authority (EFSA) has stated that the financial sector will be revised before the end of the year in order to ease and fasten the transactions. Capital markets in Egypt suffered deeply from the revolution which began in 2011 forcing several foreign portfolio managers to withdraw their money […]

Turkey vows to hit hard in Libya after Haftar forces arrested six Turks

Turkey warned that forces loyal to renegade Genera Khalifa Haftar will become a “legitimate target’ if they do not immediately release six turks. “We expect our citizens to be immediately released,” the Turkish Foreign Ministry said in a statement. Shortly after Turkey’s warning, the LNA said it targeted an armed Turkish drone at a Tripoli […]