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Egypt: parliament rubber-stamps Japan’s fund for Universal Health Insurance System

The Egyptian legislature green-lighted Wednesday a signed agreement between the Government and the Japan International Cooperation Agency (JICA) in which the Japanese agency will provide funds for the country’s Universal Health Insurance System (UHIS), Ahram Online reports. Egypt and JICA inked an agreement in March 2023 for the Japanese agency to provide a loan of […]

Africa Features Headlines International

Djibouti to host first IGAD Summit since 2019 from Monday

Djibouti is the venue from Monday June 12 for the 14th Ordinary Assembly of Intergovernmental Authority on Development (IGAD) Heads of State and Government, the first ever summit since 2019. The summit will bring leaders and officials of various countries namely Kenya, Djibouti, Eritrea, Ethiopia, Somalia, South Sudan, and Sudan. The U.S., Japan, China and […]

Africa Features Headlines International

Ukraine seeks to woo Africa and ‘Global South’ in push to challenge Russia

Ukraine’s Volodymyr Zelenskyy held talks with “Global South” leaders during an Arab League and a Group of Seven (G7) summits last week while the country’s foreign minister is on a tour of Africa this week, all aimed at broadening support for Ukraine in its war against Russia. Zelenskyy held talks with India’s Narendra Modi and […]

Africa Business Emerging Markets Features Headlines International

G7 Summit 2023: Africa demands seat at global table as nations eye its resources

As the leaders of the Group of Seven (G7) wealthy democracies converge for a summit in Japan, winds of change are blowing for Africa, which has so far been more of a discussion topic rather than an active participant in international politics, but is now demanding its rightful place in global dialogues and decision-making processes. […]

Business Finance

ADB urges Japanese companies to invest more for ‘promising returns’ in Africa

There is growing interest in Japan by the government, parliamentarians, mega companies and startups to invest more in Africa, as a delegation from the African Development Bank Group (ADB) found during its recent 5-day visit to Japan. Led by ADB President Akinwumi Adesina, the high-powered delegation aimed to showcase the enormous investment opportunities on the […]

Asia Business Egypt Emerging Markets International

Egypt seeks partnership with Japan on localization of automotive industry

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 […]

Asia Egypt Finance Headlines International

Japan pledges over $700 million for Cairo’s fourth metro line

Japan will finance the construction of Cairo’s fourth metro line to the tune of $700 million. The announcement was made Sunday during a visit to Egypt by the Japanese Prime Minister Fumio Kishida. This Japanese investment is one of the largest packages to support the plan to develop transportation in Egypt. The fourth phase of […]

Africa Asia Headlines International

Japan’s PM visits four African countries before G7 summit

Japan’s Prime Minister Fumio Kishida is slated to visit four African countries namely Egypt, Ghana, Kenya and Mozambique, ahead of the G7 summit scheduled May 19-21 in the Asia country. The office of the Prime Minister said Kishida hopes to strengthen ties with the so-called Global South, or emerging and developing countries mainly in the […]

Asia Business Egypt Headlines International

Egypt, Japan sign $301m agreement to finance Cairo Metro’s 4th line

Japan will release to Egypt $301 million to finance the implementation of phase one of Cairo Metro’s fourth line. The related agreement was signed between Egypt’s Minister of International Cooperation, Rania El-Mashat and the Minister of Transport, Kamel El-Wazir, and Japan’s Embassy in Egypt and the Japan International Cooperation Agency (JICA), Mubasher reports. The funds […]