First Independent Mena Newspaper
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 […]
Germany returned Monday to Egypt 40 ancient Egyptian statuettes after they had been stolen and illegally smuggled out of the country, “Ahram Online” reports citing an official. Shaaban Abdel-Gawad, the supervisor-general of antiquities repatriation indicated to the media artefacts consists of 40 ushabti statuettes seized by German customs at Frankfurt Airport in 2020. According to […]
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 […]
Egyptian private Commercial International Bank (CIB) indicated Sunday it received $250 million from the International Financial Corporation (IFC) in form of multiple loans to be used to support its capital and fund green projects. The first loan has a value of $150 million and a 10-year term, including $90 million for the refinancing of outstanding […]
Burundi announced Sunday the death of its ambassador to Egypt, Cheik Rachid Malachie Niragira, who according to the Foreign ministry of the eastern African country died at his residence in Cairo on Saturday. The ministry did not provide details on the causes of the death but said one staff working at the residence found Niragira […]
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 […]
African countries are aspiring to establish themselves as renewables-driven hubs to supply escalating global demand for green hydrogen, just as hydrogen diplomacy has intensified in recent years, with the EU outpacing other competitors on the green hydrogen front in Africa. More than 50 projects have now been proposed across Africa to supply an expected surge […]
Africa50, an infrastructure investment platform that contributes to Africa’s growth by developing and investing in bankable projects, signed Monday in the Togolese capital of Lome, a Memorandum of Understanding (MoU) with the International Solar Alliance (ISA) to support and finance solar projects in Africa. The deal, Africa50 notes, advances the organizations’ mutual goal of increasing […]
Few days after Iran said it looks forward to normalizing ties with Morocco and Egypt, the regime of the Moullah has once again shown its hostility to Morocco by supporting the thesis of the Polisario and its Algerian mentors at the UN’s fourth committee. Foreign minister Hossein Amirabdollahian told Iranian ambassadors to Muslim countries on […]
Italy is set to flash out 12000 people from its territory including 4000 Tunisians, for illegal migration, the European country’s Interior minister Matteo Pintedosi has indicated. According to Pintedosi, the move targets illegal migrants who arrived in the first half of this year and is in accordance with the Cutro decree adopted in May and […]