egypt-cash

Morocco reiterates call for reform of AU Peace & Security Council

Morocco called once again for a genuine reform of the African Union’s most powerful body, the Peace and Security Council (PSC), to be better placed to resolve the issues compromising African stability and hence its development. The call was made this time by Minister delegate in charge of African cooperation Mohcine Jazouli who was speaking […]

Egyptian e-commerce platform Kenzz secures $3.5m in seed fund

Kenzz, an Egyptian e-commerce platform bringing shopping to the mass market, has grabbed $3.5 million in seed funding to be used to grow product categories and hire talent, Tech Crunch reports. The round was led by U.S.-based and MENA-focused venture capital firm Outliers Venture Capital and investors include HOF Capital, Foundation Ventures, and Samurai Incubate. […]

Egypt loses 70% of Suez Canal revenue due to Gaza war – IMF

The ongoing Gaza conflict has severely affected Egypt’s economy, leading to a sharp 70 percent drop in Suez Canal revenues Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), said. In an interview with Youm7, Georgieva acknowledged Egypt’s commitment to advancing crucial economic reforms despite the challenges posed by regional instability. Georgieva announced plans […]