Banks in Egypt made a huge net profit of EGP 152.76 billion during the first quarter of 2025. This was made known in a report released by the Central Bank …
North Africa
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Banking, Finance & InvestmentDevelopmentEconomyEgyptFinance & Services
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The General Petroleum Company (GPC) in Egypt has announced a new oil discovery in Abu Sannan area of the country’s Western Desert. The announcement was made in line with the …
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EgyptELECTRICITYEnergySecurity
Egypt Boosts Gas Supply to Keep Electricity Flow Amid Regional Tensions
The Prime Minister of Egypt, Mostafa Madbouly, has announced that the Egyptian government is making strong efforts to make sure there is enough energy, especially natural gas, to keep power …
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AviationEgyptFinance & ServicesInfrastructureTravel & Tourism
Egypt to Give First Airport to Private Sector Before Year’s End
The Egyptian Prime Minister, Mostafa Madbouly, has announced that the government plans to hand over the first of its airports to a private company to manage and operate it before …
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DevelopmentEgyptEnergyFinance & Services
Egypt Signs Major Deals to Boost Private Sector, Expand Green Energy
The Egyptian government has signed a series of big agreements with development partners and private companies to help grow its private sector and increase green energy production. The signing ceremony …
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DevelopmentEconomyEgyptEnergyFinance & Services
Egypt Raises $15.6 Billion in Development Financing for Private Sector
Egypt has gotten a total of $15.6 billion in development financing from over 30 international organizations and donors to help grow its private sector. This financing covers a period from …
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AfricaDevelopmentEconomyGOVERNMENTINVESTMENTNorth AfricaPolicies
Algeria Moves to Boost Exports to Libya, Targets $3 Billion in Annual Trade.
The Algerian government has taken fresh steps to strengthen its economic presence in Libya, holding a high-level meeting with local banks and export companies to tackle the challenges facing exporters …
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BusinessBusiness InsightsEastern AfricaEconomyEnergyNigeriaNorth AfricaOil & GasSouth AfricaTransportation & LogisiticsWestern Africa
Petrol Price Rises 76.73% in One Year, Now N1,239/Litre – NBS
The average pump price of Premium Motor Spirit (PMS), also known as petrol, jumped by 76.73 per cent year-on-year in April 2025, reaching N1,239.33 per litre, according to data released …
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AfricaDevelopmentDigital EconomyEconomyEgyptFintechInnovationKenyaNigeriaSouth AfricaTechnology
From Local Challenges to Global Solutions: How African Startups Are Attracting World Attention
Africa’s startup ecosystem is no longer a nascent curiosity; it’s a vibrant, innovative powerhouse rapidly gaining global recognition and attracting significant international investment. Once overlooked, the continent is now celebrated …
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AfricaBusinessBusiness InsightsDevelopmentEconomyEthiopiaINVESTMENTKenyaNigeriaNorth AfricaReal EstateSouth AfricaTravel & TourismWestern Africa
Nigeria Ranks Third in Africa for Hotel Development with 48 New Projects in the Pipeline
Nigeria has emerged as the third most active country in Africa for hotel development, with 48 hotel projects and 7,320 rooms currently in the pipeline, according to the 2025 Hotel …