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PayTabs Egypt Partners with mnGm to Initiate Card Acceptance for Gold Purchases Online for the First Time in Egypt
PayTabs Egypt, MEASA’s award-winning payments powerhouse, announced today a strategic partnership with mnGm, a digital platform that acts as the digital distributor for Gold Net Trading (GNT), which…
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EFG Hermes 2020 revenues seen a leap of 12% year-on-year
Egypt’s investment bank EFG Hermes Holding reported on Wednesday a 12 percent year-on-year growth to reach 5.5 billion Egyptian pounds (349.6 million) despite the impact COVID-19 had on global…
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CIB records net income of EGP 2.35 bn for Q32020
Commercial International Bank reported net income of 2.35 billion Egyptian pounds for 3Q2020 as it released its first set of financial results after CIB Chairman Hisham Ezz Al-Arab left office in the…
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South Africa’s economy sees major rebound during Q3
South Africa’s gross domestic product (GDP) rebounded by a massive 66.1% in the third quarter of the year, reflecting the economy’s recovery from the height of the Covid-19 lockdown. This is on a…
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South Africa allocates $66m to help farmers affected by COVID-19
South Africa will make available about $66m to help small-scale farmers hit hard by the coronavirus pandemic.
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Egypt, UK signs a post-Brexit trade agreement
Egypt and the United Kingdom have signed an association agreement to strengthen political and trade ties between the two countries, the agreement will govern their relations after Brexit, according to…
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Egypt committed to supporting African countries to achieve success for AfCFTA: PM
Egypt “renews its commitment” to providing all forms of support to fellow African countries in order to ensure the success of the African Continental Free Trade Area (AfCFTA), according to Egyptian…
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Ethiopia, Tanzania now hold Africa’s largest livestock population
Ethiopia has the largest livestock than any other country in Africa, making the East African powerhouse the continent’s best destination for leather and meat factories.
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Egypt’s poverty rate falls for first time since 1999
Egypt’s poverty rate declined to 29.7 percent in FY 2019/2020, down from 32.5 percent two years earlier, according to the poverty, consumption, and income research conducted by the Central Agency for…
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China to reduce lending to Africa in the post-COVID-19 era
Chinese infrastructure lending to African countries is widely expected to slow over the next 1-2 years amid mounting debt sustainability concerns.
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