First Independent Mena Newspaper
Six African leaders plan to spearhead and facilitate what they hope could be the beginning of peace talks between Moscow and Kyiv more than one year after Russia’s invasion of Ukraine. South African President Cyril Ramaphosa announced on Tuesday (16 May) that Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy had agreed to meet […]
Egypt’s Financial Regulatory Authority’s (FRA) has launched the country’s first gold investment and first ever minerals investment Fund. The fund is part of the FRA’s plans to support the government’s efforts to boost financial and investment inclusion and develop an inclusive non-banking financial sector with a catalytic role in enhancing the economy, Arab Finance reports. […]
Egypt’s Health Minister Khaled Abdel Ghaffar and his Portuguese counterpart Manuel Pizarro signed Thursday a cooperation protocol to upgrade health and pharmaceutical sectors, Egypt Independent reports. There are no details about the agreement but Ghaffar reportedly indicated that the visit of his Portuguese counterpart and his delegation aims at deepening the partnership and cooperation in […]
The Egyptian government Wednesday approved temporarily a draft decree exempting travelers who bring gold from customs duties and other fees except value-added tax (VAT), reports say. The draft is applicable to semi-manufactured gold, gold prepared for currency-trade, and jewelry parts made or coated with a layer of precious metals. It is however unclear how much […]
The healthcare sub-fund of The Sovereign Fund of Egypt (TSFE) and B Investments company have entered into a partnership with El-Ezaby pharmacy chain to launch a new venture tasked to provide business-to-business (B2B) services in the Egyptian pharmaceutical sector, Ahram Online reports. The company, named EZ International, will provide pharmaceutical companies in Egypt with a […]
Egypt took over from Morocco the co-presidency of the Global Counterterrorism Forum (GCTF). The Arab country will co-chair the forum with the European Union, GCTF said Thursday during a ceremony held in the Egyptian capital, Cairo. “We are honored to be hosting the first GCTF Coordinating Committee meeting, co-chaired with the European Union, in which […]
Egypt’s General Authority for Investment and Free Zones has indicated that the North African country is seeking cooperation with Japan to localize the automobile industry. Hossam Heiba, Chairman of the authority, discussed with President of Toyota Tsusho a sustainable partnership between the two countries to conquer the African market, leveraging on Japan’s technological, investment and […]
The United States is ready to provide the necessary support for Egypt, U.S top diplomat Antony Blinken said Tuesday as the North African country continues to welcome Sudanese refugees fleeing the infighting between the army and paramilitary group, Rapid Support Forces (RSF). Blinken made the pledge during a telephone conversation with his Egyptian counterpart Sameh […]
The European Bank for Reconstruction and Development (EBRD) is set to approve by end of May a $100 million loan program to Banque Misr, under the Financial Intermediaries Framework (“FIF”), to finance micro, small, and medium enterprises (MSMEs). The program, according to the EBRD website, will support BM’s lending to private MSMEs in Egypt, where […]
Not all Africans are poor — this could arguably be the main message from the 2023 edition of the annual Africa Wealth Report by London-based Henley & Partners that reveals that the ‘Big 5’ wealth markets in Africa — South Africa, Egypt, Nigeria, Kenya, and Morocco — together account for a significant 56% of Africa’s […]