African union

Morocco Set to Become ‘Main Economic Hub’ in Africa- AfDB

The African Development Bank (AfDB) issued a report on Morocco’s efforts to strengthen economic ties with African countries, noting that the Kingdom is steadily becoming a main economic hub in the continent. The report dubbed “Analysis of Morocco’s Trade Policy,” sheds light on the progress of Morocco’s trade with Africa and recommends lowering custom duties […]

IMF Mission Set for Early December to Review Egypt’s Economic Programmes

An International Monetary Fund (IMF) mission is scheduled to arrive in Cairo in early December 2025 to conduct the fifth and sixth reviews of Egypt’s $8 billion Extended Fund Facility (EFF) and the first review under the $1.3 billion Resilience and Sustainability Facility (RSF), according to Julie Kozack, Head of the IMF’s Communications Department. Speaking […]

Egypt-Sudan power interconnection project on track

German conglomerate Siemens has completed a 400 MW extension to the Toshka substation in Egypt, three months after breaking ground, the company announced. The turnkey substation is located near the Egyptian-Sudanese borders, about 1,300 kilometres away from Cairo. The completion of the project paves the way for the realization of the $60-70 billion Egypt-Sudan interconnection […]