The African agribusiness market reached approximately $280bn in 2023, according to estimates by the African Development Bank (AfDB), with $35bn representing the Egyptian market alone. It is expected to grow to $1tr by 2030, at an annual growth rate (...)
Egyptian President Abdel Fattah Al-Sisi on Tuesday rejected any unilateral actions in the eastern Nile Basin and warned that any party believing Egypt would neglect its water rights was "completely mistaken."
Speaking at a joint press conference (...)
The Central Bank of Egypt (CBE) welcomed on Sunday a high-level delegation from the Central Bank of Kenya (CBK) for an official three-day visit focused on cybersecurity.
The visit centred on the work of the CBE's Cybersecurity Sector and the Egypt (...)
Egypt's engineering exports surged to an unprecedented $3.1 billion in the first half of 2025, marking a 15% increase compared to the same period in 2024, according to Sherif El-Sayyad, Chairperson of the Engineering Export Council of Egypt (EECE). (...)
The Commercial International Bank – Egypt (CIB), the country's largest private-sector bank, has signed a strategic partnership agreement with the Food Export Council, becoming its official banking partner until the end of 2027. The agreement (...)
Egypt is set to host the seventh edition of Big 5 Construct Egypt from June 17 to 19 in Cairo, with a strong focus on sustainable building, digital transformation, and regional infrastructure development. The event, co-located with the third edition (...)
Trade volume between Egypt and African Union countries reached $9.8 billion in 2024 against $9.2 billion in 2023, a 6.5 per cent increase, according to recent figures published by Egypt's state statistics agency, CAPMAS.
Egyptian exports to African (...)
Egypt's Minister of Environment Yasmine Fouad held talks with Somalia's Federal Minister of Environment and Climate Change, Bashir Jama, on the sidelines of the 20th African Ministerial Conference on the Environment (AMCEN), hosted in Nairobi, (...)
Kenya's annual inflation rose to 4.1 per cent in July from 3.8 per cent in June, driven by higher food, transport, housing, and utility costs, according to the Kenya National Bureau of Statistics. Monthly inflation slowed to 0.1 per cent from 0.5 (...)
Uganda is finalising talks with development finance institutions and export credit agencies to get 85 per cent of a planned €2.7 billion ($3.15 billion) railway project financed with debt, according to project head Perez Wamburu.
The government will (...)
Kenya expects its economy to expand by 5.6 per cent in 2025, outpacing official forecasts and last year's 4.7 per cent growth, its President William Ruto said at the Tokyo International Conference on African Development (TICAD9) in Yokohama on (...)
Egypt's Minister of Water Resources and Irrigation Hani Sewilam held a meeting on Monday with the newly appointed ambassadors to South Sudan, Kenya and Rwanda to discuss bilateral cooperation on water resources with Nile Basin states and ways to (...)
Egypt is ready to help finance the Angololo Multipurpose Dam Project between Uganda and Kenya through a $100 million Nile Basin infrastructure investment mechanism launched by Cairo, President Abdel Fattah El-Sisi said on Tuesday.
The project is a (...)
Egypt's Contact Financial Holding has appointed John Saad as its new managing director and chief executive officer, succeeding Said Zater who has become vice-chairperson of the group's board of directors, the company said on Tuesday.
The leadership (...)
Egypt, represented by the National Academy of Information Technology for Persons with Disabilities (NAID), is participating remotely in the Inclusive Africa Conference 2025, from June 3 to 5 in Nairobi, Kenya, as per an official statement.
The first (...)
Egypt, with an overall score of 49.91 out of 100, has secured a position within the top three best-performing countries in Africa, alongside Morocco (49.17), in a new exclusive ranking by Jeune Afrique. South Africa leads the list of 20 nations with (...)
Trade volume between Egypt and African Union countries reached $9.8 billion in 2024 against $9.2 billion in 2023, a 6.5 per cent increase from 2024, according to recent figures published by Egypt's state statistics agency, CAPMAS.
Egyptian exports (...)
Trade between Egypt and African Union (AU) countries reached $9.8bn in 2024, up from $9.2bn in 2023, marking a 6.5% year-on-year increase, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). The announcement coincides (...)
شهدت الأشهر الأخيرة تصاعدًا ملحوظًا في التحركات الاقتصادية المصرية نحو القارة الأفريقية، حيث كثفت القاهرة من إرسال البعثات التجارية المتخصصة إلى أسواق أفريقية واعدة، في خطوة تعكس رؤية استراتيجية تهدف إلى تعزيز الصادرات المصرية، وتنويع الشراكات (...)
Walid Gamal Eldin, Chairperson of the Suez Canal Economic Zone Authority (SCZONE), has signed an agreement with Lou Jun, board member of China's GS Global Sourcing, to establish a new ready-made garments production facility in West El Qantara. The (...)
Kenya's economy expanded by 5.1 per cent year-on-year (YoY) in the fourth quarter of 2024, down from 6.1 per cent in the same period a year earlier, according to the country's statistics office.
For the full year, economic growth stood at 4.7 per (...)
Kenya will cap its budget deficit at 4.5 per cent of GDP in the 2025/26 fiscal year, down from 5.1 per cent the year before, as the government adopts new austerity measures and prepares a major revision to its 4.3 trillion Kenyan shilling ($33 (...)
Kenya plans to cut its debt-to-GDP ratio to 52.8 per cent by 2027/28 from 58.1 per cent, Finance Minister John Mbadi said on Wednesday, aiming to bring it within the 55 per cent threshold.
The country faces high debt service costs and mounting (...)
Kenya has applied for a new lending programme from the International Monetary Fund (IMF) to incorporate unused funds from its previous arrangement, which was terminated early, Finance Minister John Mbadi said on Monday.
The country and the IMF (...)
Egypt's President Abdel Fattah Al-Sisi received the credentials of 23 new ambassadors to Egypt on Monday, according to the Egyptian Presidendcy spokesperson Ambassador Mohamed El-Shennawy.
The new ambassadors are:
* Aisett Caridad Roman Maldonado, (...)
