Business Egypt Emerging Markets Features Headlines

Egypt surpasses Nigeria in start-ups capital funding in Africa

Egypt is the continent’s new leader in the total equity funding raised by start-ups in Africa from June 2022 to June 2023, overtaking Nigeria, according to London-based African Private Equity and Venture Capital Association (AVCA). Per AVCA data, startups in the North African country raised $540 from June 2022 to July 2023. The amounts represent […]

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U.S grant Togo $3 million to address displaced population fleeing terrorism

The U.S. have granted Togo $3 million to attend to around 60.000 people displaced in the north of the African country struggling to contain terrorism activities. USAID, Washington’s agency, provided the aid facility. The World Food Program (WFP) and Catholic Relief Services (CRS) will be the agency’s operational partners on the ground. Per a press […]

Africa Features Headlines International

Three killed in helicopter crash in DRC

Three expatriates operating a helicopter died Tuesday after the aircraft crashed a few minutes after takeoff in the town Kambove, in the Haut-Katanga Province of the Democratic Republic of the Congo, reports say. A French pilot and a South African administrator and a Polish executive in charge of security were found dead after their helicopter […]

Africa Features Headlines International

UN Peacekeeper killed in an attack in CAR

A Rwandan soldier of the UN Peacekeeping mission in the Central African Republic (MINUSCA) was killed Monday in an attack during a patrol. “Earlier today, a peacekeeper from Rwanda was killed when his unit came under attack by members of an unidentified armed group” during a patrol in the village of Sam-Ouandja, in the eastern […]

Africa Features Headlines International

Niger apprehends two IS-GS leaders near Burkina Faso’s border

Nigeriens armed forces have arrested two senior members of Islamic State in the Greater Sahara (IS-GS) near the border with neighboring Burkina Faso, reports say. The militants are Abou Maryam aka +Zaïd+ and Sita Ousseini aka Loukoumane. Both, media note citing a Nigerien security source, have been on a wanted list. +Zaid+ was arrested on […]

Africa Business Features Finance Headlines International

BADEA loans Côte d’Ivoire $75m for construction of 7,500 social houses

The Arab Bank for Economic Development in Africa (BADEA) and Cote d’Ivoire signed Monday a loan agreement worth $75 million to be used for the construction of 7,500 social and economic houses to address the housing crisis dogging the West African country. Sidi Ould Tah, Director General of the bank and Adama Coulibaly, Finance Minister […]

Egypt Features Headlines

Egypt welcomed more than 7 million visitors – Tourism minister

More than 7 million tourists visited Egypt during the first half of the year, Tourism and Antiquities Minister Ahmed Issa said Monday. Issa made the announcement during a meeting with the Standing Committee for Licensing of Hotel and Tourism Facilities. He indicated that the figures were achieved thanks to the efforts of the private sector […]

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Côte d’Ivoire sets up Court to sue people involved in road accidents

Côte d’Ivoire has set up for the first time a Court to sue people involved in road accidents as authorities strive to cut down on road accidents. The court, referred to as “Tribunal de simple police” was established on Friday July 7 within Abidjan-Plateau Court of first instance. The Tribunal for its inauguration addressed two […]

Americas Features Headlines International Morocco

Morocco pledges to play active role in combating synthetic drug threats

Morocco’s active role in the fight against synthetic drugs was highlighted during a virtual ministerial meeting to Launch the Global Coalition to Address Synthetic Drug Threats. The coalition, set up at at the initiative of US Secretary of State Antony Blinken, is meant to pool efforts to prevent the production and trafficking of illicit synthetic […]

Egypt Features Headlines

Al-Sisi to make maiden visit to Turkey on July 27 as ties upgrade

Egyptian President Abdelfattah al-Sisi will make his first ever visit as leader to Turkey on July 27 amid improvement of ties between the two countries, reports say. During the visit, Al-Sisi will meet with Erdogan to discuss bilateral relations as well as regional developments, the reports add. The upcoming visit is coming amid an outstanding […]