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 (...)
مع فلاي إن يمكنك السفر إلى الجهة التي تريد بأسعار أرخص في ظل الاستفادة من العروض المجزية والتخفيضات الحصرية التي توفرها فلاي إن للمسافرين على مختلف الدرجات؛ للاستمتاع بتجربة سفر آمنة ومريحة وموفرة للنفقات مع عدد من المزايا والتسهيلات الأخرى.
الأماكن (...)
حقق فريق سباحو نادى سموحة الرياضى بالاسكندرية، نتائج ايجابية خلال منافسات اليوم الثالث من المرحلة الثانية من بطولة الإسكندرية الشتوية للسباحة للناشئين والناشئات 11 سنة،موسم 2024/2025، والمقامة فى حمام السباحة الاوليمبى فى نادى سموحة، اليوم (...)
The Arab Organisation for Industrialisation (AOI) chairman Mokhtar Abdel Latif emphasised the need to strengthen ties with African nations to boost industrial and economic cooperation and tap into new export markets in Africa.
These statements were (...)
Egypt's President Abdel Fattah El-Sisi received Kenyan President William Ruto on Wednesday to discuss cooperation frameworks and strengthen bilateral relations.
Trade exchange between the two countries reached $567 million in 2024, compared to $638 (...)
Twenty-five leading Egyptian companies are gearing up to participate in the 5th Water, Electricity, and Power Exhibition (WEPEX), scheduled to take place in Kenya this September.
The event, organized by 2Art Fairs for Event and Exhibitions in (...)
Mohamed Maged, Executive Director of the Chemical and Fertilizer Export Council, has urged the government to provide incentives and benefits to develop advanced infrastructure for plastic waste collection and recycling.
Speaking during the Circular (...)
The 10th of Ramadan Investors Association recently met with representatives from the Commercial International Bank (CIB) to explore opportunities for leveraging the bank's expertise in boosting exports and accessing new international markets. This (...)
Kenya's private sector ended 2024 with marginal growth, as the Stanbic Bank Kenya Purchasing Managers' Index (PMI) registered a reading of 50.6 in December, slightly down from 50.9 in November.
This marked the third consecutive month above the 50.0 (...)
The Engineering Export Council of Egypt (EECE) has announced a historic milestone, reporting a 21.6% increase in engineering industry exports during the first 11 months of 2024. Exports reached an impressive $5.1bn, surpassing the $4.2bn mark (...)
Egypt's trade volume with Nile Basin countries hit $3.0 billion in 2023, with exports totaling $1.73 billion, up 2.1 per cent from 2022, while imports fell 7.1 per cent to $1.29 billion compared to the previous year's $1.38 billion, according to a (...)
Kenya's economy is forecasted to grow at 4.7 per cent in 2024, down from 5.6 per cent in 2023 and closer to the pre-pandemic average of 4.6 per cent from 2011-2019, according to the latest Kenya Economic Update. While growth is expected to gradually (...)
Kenya's private sector showed moderate growth in November, with the Purchasing Managers' Index (PMI) rising to 50.9 from 50.4 in October, marking the highest reading in six months. Growth was driven by accelerated sales, stronger purchasing (...)
The Central Bank of Egypt (CBE) has endorsed the Pan-African Payment and Settlement System (PAPSS) agreement to enhance regional banking relations and economic collaboration with African countries.
The PAPSS, created by the African Export-Import (...)
Egypt's engineering exports surged by 25.6% to $3.9bn in the first nine months of 2024, compared to $3.1bn during the same period in 2023.
The monthly report from the Engineering Export Council of Egypt revealed a 15% increase in exports for (...)
Egypt's total trade with African Union countries reached $9.2 billion in 2023, marking a 5.7 per cent increase from the previous year's $8.7 billion, according to data from the Central Agency for Public Mobilisation and Statistics (CAPMAS).
Export (...)
