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June 29, 2022

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The volume of intra-West African trade increased to 10 billion dollars 

East Africa’s economic outlook according to a recent survey is expected to be positive. This recent survey re-iterates the projections from a few sources, including the African Development Bank and the International Monetary Fund, both of which project growth in the East African region. The survey of CEOs reflects confidence in the subcontinent’s resiliency. Most …

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“LEAP” conference announces investments exceeding 12 billion dollars to support the technology sector

The leap 24 international technical conference announced today the largest technology launches and investments of its kind in the region, worth more than USD 12 billion, to support the emerging and deep technologies, innovation and cloud computing sectors, develop digital skills, and stimulate investment in tech startups, thus contributing to strengthening the kingdom’s position as …

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Telecom Egypt achieves EGP 11.5 billion Net Profit in 2023

Telecom Egypt announced today the results of its business for the fiscal year ended December 31, 2023, in accordance with the consolidated financial statements prepared in accordance with Egyptian accounting standards. The most important indicators of the results of the fiscal year 2023 * Total consolidated revenues achieved a growth of 28% compared to the …

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African Finance supports Egypt to issue large international bonds

The African Finance Corporation intends to support Egypt in issuing “large” international bonds, both by strengthening its credit position and by investing in bonds, according to Sanjeev Gupta, head of financial services at the institution during an interview with Al Sharq. Gupta pointed out that the foundation is in talks with the Egyptian government on …

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Banque Misr launches “express projects platform” to provide a distinctive package of services to entrepreneurs

Banque Misr has recently launched The Express platform for projects, in order to provide a better banking experience for Project customers.this confirms Banque Misr’s pioneering role in supporting the digital transformation strategy and providing advanced digital services aimed at bringing all financing systems and non-financial services in one place to facilitate all ways for Project …

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Suez Canal Bank achieves record profits of 2.29 billion pounds in 2023

The financial statements of Suez Canal Bank during the past year showed that the bank’s profits increased by 120.4% year-on-year.The bank explained in a statement to the Egyptian Stock Exchange, today, that it achieved profits of 2.293 billion pounds during 2023, compared to profits of 1.04 billion pounds in 2022. The bank’s net income from …

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Housing & Development Bank achieves EGP 6.5 billion in consolidated profits during 2023

During the past year, the combined financial indicators of the housing and reconstruction bank showed that the bank’s profits increased by 141% year-on-year. The bank explained in a statement to the Egyptian Stock Exchange, today, that it achieved profits of 6.56 billion pounds during 2023, compared to profits of 2.72 billion pounds in 2022. Interest …

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suez canal

Suez Canal revenues have fallen by more than 700 million dollars since the beginning of the unrest in the Red Sea

Revenues of the Suez Canal have recorded a decline of more than 700 million dollars since the beginning of the unrest in the Red Sea compared to the same period of the previous year. This came as a result of escalating tensions between the Houthis in Yemen and the United States, which led to a …

Suez Canal revenues have fallen by more than 700 million dollars since the beginning of the unrest in the Red Sea Read More »

Etisalat from & e cooperates with ADCB-Egypt to launch the digital rewards program “TouchPoint”

Etisalat from & e in Egypt, a leading ICT company, has announced the signing of a joint cooperation protocol with ADCB – Egypt, one of the largest UAE banks operating in Egypt, to launch the digital rewards program TOUCHPOINTS, which rewards customers whenever they use the bank’s digital channels and selected products. This cooperation was …

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10 African countries with the slowest internet speed at the start of 2024

Africa finds itself at a crossroads, battling the issue of poor internet connections at a time when connectivity is essential to international contact. Even while Africa has a wealth of opportunities for digital innovation and technical growth, many Africans still struggle with a painfully sluggish and inconsistent internet connection. Slow internet speeds have long been …

10 African countries with the slowest internet speed at the start of 2024 Read More »