Africas

Nigeria and Saudi Arabia to collaborate on LPG accessibility

Leave a Comment / Africas, All / By Ahmed Sharaf

Nigeria and Saudi Arabia have launched the National Human Capacity Training Program for the Adoption of Liquefied Petroleum Gas (LPG). Led by Saudi Arabia’s Oil and Sustainability Program through its Clean Fuel Solution for Cooking Initiative and in collaboration with Nigeria’s Ministry of Petroleum Resources, the program will lead to the joint-development of micro-distribution points …

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International Finance aims to invest one billion dollars in Egypt this year

Africas, News / By Ahmed Sharaf

Sheikh Omar sila, regional director of IFC, revealed that the institution invested one billion dollars in Egypt last year and aims to pump the same this year. On the sidelines of his participation in the announcement that the Grand Egyptian Museum has received the edge green building certificate, he added that the institution has invested …

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Africa’s economic growth fell to 3.2% in 2023, says African Development Bank

Africas, News / By Ahmed Sharaf

Africa’s economic growth fell to 3.2% last year from 4.1% in 2022, the African Development Bank said on Friday, but it projected higher growth this year for all regions except central Africa. The AfDB said political instability and China’s economic slowdown were compounding the shocks of COVID-19 and Russia’s war in Ukraine. The final figure …

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Sisi and Macron: Israeli escalation in Rafah leads to a disaster

Leave a Comment / Africas, News / By Ashraf Gaber

Cairo: Africas, News Desk Egyptian President Abdel Fattah El-Sisi and French President Emmanuel Macron stressed the danger of any military escalation in Rafah, given its catastrophic humanitarian repercussions on about one and a half million Palestinians in this region. The two presidents also warned of the danger of expanding the conflict at the regional level …

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“Goldman Sachs”: 8 billion dollars Egypt needs to fill the external financing gap in 2024

Africas, News / By Ahmed Sharaf

Goldman Sachs Bank expected that Egypt’s financing needs over the next four years will total 25 billion dollars, under a basic scenario that assumes the conclusion of a new agreement with the International Monetary Fund in the coming weeks, and the success of local authorities in implementing this agreement, as published by “Bloomberg”. Farouk Sousse, …

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(BRT) New Era of public transportation in Egypt

Leave a Comment / Africas, Economy / By Ashraf Gaber

Cairo: SiS, Africas, News Desk The Bus Rapid Transit (BRT) project is being implemented by the Ministry of Transport, as an alternative to the fifth metro line that operates on the ring road. The BRT will also be an alternative to the microbus. A service road will be constructed to connect the microbus stops and …

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South Africa Bafana Bafana stun Morocco, reach quarters

Leave a Comment / Africas, Sport / By Baher Tarek

Cote d’Ivoire : Africas, News desk Another day, another upset at the the Africa Cup of Nations. South Africa’s Bafana Bafana beat Morocco 2-0 at the Laurent Pokou stadium in San Pédro in Cote d’Ivoire on Tuesday (Jan. 30). On the other hand, Achraf Hakimi missed a late penalty as Morocco became the latest big …

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Egypt refutes Israel’s lies about the borders

Leave a Comment / Africas, News / By Ashraf Gaber

Cairo: Africas, News Desk Head of State Information Service (SIS) Diaa Rashwan, announced that the recent period has witnessed several statements by Israeli officials, led by Prime Minister Benjamin Netanyahu, containing false claims and claims about the existence of weapons’ smuggling operations, explosives, ammunition, and their components, into the Gaza Strip from Egyptian territory through several …

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Kenya gets US$685M from IMF ahead of eurobond maturity

Africas, News / By Ahmed Sharaf

Decision confirms IMF staff recommendation in November Yields on Kenya’s 2024 eurobond fall after deal confirmed The International Monetary Fund agreed to immediately disburse $684.7 million to Kenya, boosting the country’s foreign-exchange reserves before a critical eurobond repayment due in June. The money includes $624.5 million from an expanded program agreed with the Washington-based lender …

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President Sisi says Egypt will not allow any threat to Somalia or its security

Leave a Comment / Africas / By Eman Elkomy

Cairo: Africas, Newsdesk Egypt will not allow any threat to Somalia or its security, President Abdel Fattah al-Sisi said on Sunday, according to a statement from the presidency, after Ethiopia said it would consider recognising an independence claim by Somaliland. Trying to “jump on a piece of land” to try to control it is something …

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Nigeria and Saudi Arabia to collaborate on LPG accessibility

International Finance aims to invest one billion dollars in Egypt this year

Africa’s economic growth fell to 3.2% in 2023, says African Development Bank

Sisi and Macron: Israeli escalation in Rafah leads to a disaster

“Goldman Sachs”: 8 billion dollars Egypt needs to fill the external financing gap in 2024

(BRT) New Era of public transportation in Egypt

South Africa Bafana Bafana stun Morocco, reach quarters

Egypt refutes Israel’s lies about the borders

Kenya gets US$685M from IMF ahead of eurobond maturity

President Sisi says Egypt will not allow any threat to Somalia or its security

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