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Egypt: 11% increase in value of exports to Germany during 1st half of 2024

North Africa Post

On Wednesday September 11, the Central Agency for Public Mobilization and Statistics (CAPMAS) reported an increase in Egyptian exports to Germany. In the first half of 2024, Egyptian exports to Germany totaled $463 million, up 11% from $417 million during the same period in 2023. Egyptian imports from Germany also rose, reaching $2 billion in […]
Africa Business Emerging Markets Headlines International Morocco

Maroc Telecom’s Gabon subsidiary evades nationalization push

North Africa Post

Moov Africa Gabon, the local subsidiary of Morocco’s Maroc Telecom, was spared a nationalization push that affected many strategic firms in the country. Speaking at the Mobile World Congress (MWC) Gabon’s minister of digital economy made it clear that “the sector of telecommunications was not concerned by nationalization policies.” Since Brice Oligui Nguima took power […]
Business Egypt Emerging Markets Features Headlines

AfDB loans partial credit worth $345 million for green, social projects

North Africa Post

The African Development Bank Group, AfDB, has greenlighted a partial credit guarantee of $345 million to Egypt for the financing of green and social projects, reports say. Egypt expects to use the credit guarantee to raise the equivalent of $500 million in the Chinese Yuan denominated Panda Bond market, issued by foreign borrowers, Egypt Today […]