Egypt is exploring financing financing options that include affordable loans from China and Japan, Finance Minister Mohamed Maait said on Thursday. The North African country is seeking to diversify its …
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Economy
- BusinessEconomyFood ProductionKenya NewsUncategorized
Kebs suspended 10 Edible oil and cooking oil brands over quality standards
Edible oil and cooking fat manufacturers Bidco Africa, Pwani Oil, Kapa Oil and Menengai, have been ordered to recall some of their products from the shelves for non-compliance with standards. …
- AfricaBanking, Finance & InvestmentEconomyEgyptNewsNorth AfricaNorthern AfricaUncategorized
Egypt’s central bank keeps interest rates unchanged for the third time in a row
Egypt’s central bank (CBE) has on Thursday kept its key interest rates unchanged for the third time in a row. The central bank’s Monetary Policy Committee (MPC) has maintained its …
- AfricaAFRICA NEWSBusinessEconomyEgyptHospitality, Travel & TourismNewsNorth AfricaNorthern AfricaTransportation & Logisitics
Booking.com no longer supports Egyptian Pound
Booking.com, a Dutch online travel agency for lodging reservations & other travel products, announced Wednesday the stoppage of supporting the Egyptian pound starting from Thursday, Sept. 22. This announcement means …
- AfricaAFRICA NEWSBusinessEconomyEnergyNewsSouth AfricaSouthern Africa
South Africa signs R11bn wind energy deals to tackle energy crisis
The South African government on Thursday signed three renewable energy deals worth R11 billion with independent producers to supply wind energy amid worsening blackouts in the country. The three agreements …
- EconomyMoroccoTechnology
Morocco Purchases 150 WanderB and ThunderB Drones from Israel’s BlueBird Aero company
Morocco has purchased 150 military drones of the WanderB and ThunderB types, manufactured by Israel’s BlueBird Aero systems, a company specialized in designing and developing Tactical Unmanned Aerial Systems (UAS) …
- AgricultureBusinessEconomyMorocco
OCP Reported an Exceptional increase in its income as Fertilizer Prices high
OCP reported an “exceptional” increase in its income and turnover compared to last year, in its latest earnings report, detailing the phosphate giant’s performance until June 30, 2022. “OCP achieved …
- AfricaAFRICA NEWSBanking, Finance & InvestmentEconomyNewsSouth AfricaSouthern Africa
AFDB offers South Africa a financing deal to raise $41bn
The African Development Bank has suggested a plan to South Africa that will help the nation use the $8.5 billion in climate financing pledged by some of the world’s richest …
- AfricaEconomyEgyptGlobal NewsNewsNorth AfricaSouthern Africa
As COP27 looms, Africa receives a 10th of climate financing it needs
As the international climate community prepares for COP27 in Sharm el-Sheikh, Egypt, new analysis shows just how far off their host continent is in terms of attracting the finance it …
- BusinessCryptocurrencyEconomy
Kenya to introduce a regulatory Framework for Cryptocurrencies says Dr Patrick NJoroge
Kenya will look to introduce a regulatory framework for cryptocurrencies, this is according to Dr Patrick Njoroge, Governor of the Central Bank of Kenya (CBK). “Any crypto or all the …