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‘AfCFTA an opportunity to build continent’s manufacturing capacity,’ AfCDB
With the launch of the start of trading on the basis of the African Continental Free Trade Agreement (AfCFTA), members of the African Business Council (AfBC), representing the pan-African private…
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Egypt works on fostering trade with Sudan
Egyptian Minister of Trade and Industry Nevine Gamea met with her Sudanese counterparts to mull over increasing bilateral trade cooperation when she attended the Khartoum International Fair from 21 to…
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CBE works on setting an online platform for non-financial services for SMEs
SMEs and agriculture players are being pushed further towards the digital light with a digital platform the Central Bank of Egypt (CBE) is working to set up to provide non-financial services, such as…
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CBE allows young people aged 16 years to open bank accounts
The Central Bank of Egypt (CBE) issued a decision to allow people above the age of 16 to open bank accounts without the consent of their parents or guardians.
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Nigeria Attracted $2.6bn FDI in 2020: UNCTAD
Global foreign direct investment (FDI) collapsed in 2020, falling 42% from $1.5 trillion in 2019 to an estimated $859 billion, according to the latest UNCTAD Investment Trends Monitor, with Nigeria…
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FDI inflows to Africa to drop by 11% in 2020, Egypt in safe zone: UNCTAD
Foreign Direct Investment (FDI) inflows to North Africa declined by 11 percent, reaching $14 billion, with reduced inflows to all countries except for Egypt, according to the United Nations Conference…
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Egypt’s GDP growth projected to climb to 5.4% in 2021: UN economic report
Egypt’s GDP is projected to climb to 5.4 percent in 2021, according to the UN’s World Economic Situation and Prospects 2021 report.
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Egyptian citrus has a change to enter big markets in Far East
An expected dip in Spain and Turkey’s capacity for citrus exports has created a gap Egypt is primed to fill in Far East markets, including India, and more European countries, Gehan El Sheref, a…
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Industrial Development Bank discusses increasing support to industrial, export sectors
Egypt’s Minister of Trade and Industry Ministry and the Industrial Development Bank (IDB) held a meeting to discuss ways to maximise financing programmes provided by the bank to develop the…
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Egypt’s stocks may rebound on EM rally – Renaissance Capital
Strong rebound in equity inflows to emerging markets could spill over to Egypt leading to robust inflow recovery, Renaissance Capital’s head of MENA research Ahmed Hafez said in a note yesterday.
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