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 (...)
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, (...)
AliExpress, the global online retail marketplace, has announced a major expansion in its payment options for shoppers across Africa, including Egypt, South Africa, Algeria, Ethiopia, Morocco, and Tanzania. This initiative, launched in March, aims to (...)
The CEO of Egypt's General Authority for Investment and Free Zones (GAFI) Hossam Heiba on Wednesday met with Michaella Vandetta Bio, envoy of Sierra Leonean President Julius Maada Bio, to enhance investment cooperation and discuss preparations for (...)
In Kenya's Bomet and Homabay Counties, smallholder bean farmers are adopting innovative and sustainable agricultural techniques to bolster resilience and increase production in the face of climate change. By integrating beneficial insects such as (...)
Reportage Egypt aims to achieve EGP 6bn in sales in 2025, doubling its success from the previous year, according to Eslam Hammam, Regional Chief Commercial Officer at Reportage Properties. The company recorded EGP 3bn in sales from its flagship (...)
Commercial International Bank – Egypt (CIB) and Kenya Bankers Association (KBA) have announced the launch of the third edition of the Credit Analysis Programme in East Africa. This initiative is designed to equip university graduates with essential (...)
Egypt's Minister of Water Resources and Irrigation, Hani Sewilam, has commended the recent ministerial decision to launch a consultative process involving seven Nile Basin countries to explore a path forward based on consensus. The countries (...)
The Green Climate Fund (GCF) approved on Tuesday over $130 million for two projects led by the Food and Agriculture Organisation (FAO) to enhance climate resilience and sustainable development in Kenya and Serbia.
In Kenya, a $50 million (...)
