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Egypt’s Agricultural Bank launches an initiative to settle EGP6.3bln for defaulting farmers
The state-owned Agricultural bank of Egypt (ABE) announced the launch of an initiative to settle debts for 328,000 defaulting farmers with total worth of 6.3 billion Egyptian pounds, in order to…
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Africa is the world’s next business frontier, says AfDB’s President
Africa remained fertile ground for investment, but much hinged on the continent’s ability to boost its healthcare sector, African Development Bank President Akinwumi A. Adesina said.
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Morocco gets 2 mln AstraZeneca vaccine doses; 1st big shipment to Africa
Morocco received 2 million doses of Astrazeneca's COVID-19 vaccine on Friday, becoming the first African country to get a large enough shipment to roll out a nationwide immunisation programme.
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ESCWA, Standard Chartered Bank speculate rebound for Egypt’s economic growth in 2021
The Ministry of Planning and Economic Development reviewed some international reports on the economic situation in Egypt and the Arab region.
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IMF urges deficit control in Tunisia even as protesters demand jobs
The International Monetary Fund (IMF) warned that Tunisia's fiscal deficit could exceed 9 percent of GDP and urged the country to control energy subsides, transfers to state companies and wages, even…
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Egypt, EU, UNDP to implement €6M-project mitigating socio-economic impact of COVID-19
Egypt, the European Union (EU), and the United Nations Development Program (UNDP) agreed on a COVID-19 Response Support Project worth €6 million to be delivered over three years.
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IMF increases its projection for Egypt’s economic growth in FY2020/21
The International Monetary Fund (IMF) increased its projection for the growth of the economy to 2.8 percent during the current FY 2020/2021 compared to 2 percent that was expected before that.
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Egypt, China agree to complete work at business district in New Capital
Egypt and China have signed an attachment agreement on completing works at the central business district project in the New Administrative Capital (NAC).
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Egypt’s AOI, Qalaa Holdings sign cooperation protocol to manufacture natural gas cylinders
The Arab Organization for Industrialization (AOI) signed a protocol of cooperation with Qalaa Holdings, while another protocol was signed between ASEC for Manufacturing and Industrial Projects and…
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Egypt supports AfCFTA to achieve economic integration in Africa: FM
Egypt’s Minister of Foreign Affairs Sameh Shoukry Minister noted the great importance Egypt attaches to the success of the AfCFTA agreement
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