Mohamed El-Shimy, Minister of Public Enterprises, and Ali El-Ghamrawy, Chairperson of the Egyptian Drug Authority (EDA), conducted an extensive field visit to subsidiaries of the Holding Company for Pharmaceuticals, Chemicals, and Medical Supplies. (...)
Al Manar Group, a leading manufacturer, blender, and distributor of automotive fluids, has outlined its strategic plan to focus on local manufacturing while expanding its footprint in both Egyptian and regional markets. The company aims to boost its (...)
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 (...)
Zimbabwe's inflation rate dropped to 11.7 per cent in November 2024 from 37.2 per cent the previous month, according to the Zimbabwe National Statistics Agency (ZIMSTAT).
The ZIMSTAT attributed the decline to the recent stabilisation of the local (...)
Zimbabwe cuts spending as currency devaluation strains the budget, according to a circular to departments seen by Bloomberg and confirmed by Treasury on Monday. The Treasury has directed government departments to prioritise their spending for the (...)
ارتفعت عملة زيمبابوي "زيج" المدعومة بسبائك الذهب، مقابل الدولار لليوم الثاني على التوالي، على خلفية تشديد السياسة النقدية، بعد تعرضها لضربات في أسواق الصرف الأجنبي منذ ظهورها لأول مرة في أبريل.
وارتفعت قيمة "زيج"، وهو اختصار "Zimbabwe Gold" أو "ذهب (...)
Zimbabwe's creditors are considering a debt-for-climate swap as part of a broader restructuring plan for the country's $21 billion debt burden. This innovative financial mechanism would involve forgiving a portion of Zimbabwe's debt in exchange for (...)
Zimbabwe's central bank has pumped $190 million into the foreign exchange market since April to meet increased demand for US dollars following the introduction of the new gold-backed currency, ZiG, a monetary policy committee member said on (...)
China will push 50 African nations attending the China-Africa Cooperation (FOCAC) Forum later this week to increase their imports of Chinese goods, including electric vehicles and solar panels, before Western export restrictions take effect. The (...)
The International Monetary Fund (IMF) has excluded Egypt from its upcoming Executive Board meeting, postponing discussions on approving a disbursal of $820 million.
This marks the second time Egypt has been left off the agenda. The Executive Board (...)
Zimbabwe has downgraded its 2024 economic growth forecast to 2 per cent from 3.5 per cent, due to an El Niño-induced drought causing widespread crop failure, Finance Minister Mthuli Ncube told Reuters on Wednesday.
The worst drought in decades has (...)
Zimbabwe's telecommunications regulatory authority has approved Elon Musk's Starlink, the satellite arm of SpaceX, to operate within the southern African nation, according to Reuters citing President Emmerson Mnangagwa on Saturday.
Mnangagwa (...)
Egyptian Prime Minister Mostafa Madbouly met with government and private sector representatives of the pharmaceutical industry on Tuesday to discuss strategies for expanding exports and addressing industry challenges.
"We recognize the challenges (...)
تواجد بيرسي تاو لاعب فريق الأهلي، على رأس القائمة الأولية لمنتخب جنوب أفريقيا، لخوض مباراتي نيجيريا وزيمبابوي، في التصفيات الأفريقية المؤهلة لكأس العالم 2026.
Bafana Bafana coach Hugo Broos announces preliminary squad for the 2026 FIFA World Cup (...)
أعلن هوجو بروس المدير الفني لمنتخب جنوب أفريقيا القائمة الأولية للبافانا بافانا استعدادا لتصفيات بطولة كأس العالم 2026 .
وشهدت قائمة منتخب جنوب أفريقيا بيرسي تاو لاعب النادي الأهلي بعد غيابه عن المعسكر الماضي في شهر مارس
ومن المقرر أن يخوض منتخب (...)
The United Nations Children's Fund (UNICEF) has urged for increased investment in child-centred climate initiatives in Zimbabwe as the country grapples with the effects of a climate-induced El Niño drought. The drought has exposed many children, (...)
Zimbabwe's ZiG shift has quashed a more than 330 per cent Zimbabwe Stock Exchange (ZSE) surge this year, leaving investors grappling with the consequences, Bloomberg reported.
ZiG, backed by gold, replaced the Zimbabwean dollar, which had already (...)
Zimbabwe's new currency, ZiG, debuted trading on Monday amid challenges with the nation's sixth attempt to introduce a revamped unit, Bloomberg reported on Monday.
Reserve Bank Governor John Mushayavanhu initiated the exchange rate at 13.56 ZiG per (...)
The International Monetary Fund (IMF) after the completion of staff mission to Zimbabwe, has urged the country to expedite currency reforms, saying the government should shift to a market-driven exchange rate and eliminate existing distortions, (...)
Currency collapse in Zimbabwe caused a surge in inflation, increasing the prices of goods and services and putting more pressure on the central bank to take action, Bloomberg reported on Monday.
According to the Zimbabwe National Statistics Agency, (...)
Zimbabwe is about to unveil new measures to support its currency amid the decline in both the official and the parallel market, according to the state-controlled Sunday Mail Newspaper.
The planned actions might include changing the weekly foreign (...)
Leading fertiliser producer Uralchem Group has announced the successful loading and departure of a humanitarian shipment carrying over 23,000 tonnes of fertilisers destined for Zimbabwe. The vessel, loaded at ports in Riga, Latvia, and Ghent, (...)
Zimbabwe is facing a cholera crisis that has killed many people, over 150, and spread again over the last month to different areas, especially Harare, as health authorities have reported more than 8,000 suspected cases since February.
Since the (...)
Egypt's President Abdel Fattah Al-Sisi and President Emmerson Mnangagwa of Zimbabwe met on Tuesday and expressed their desire to strengthen their bilateral relations, especially in the fields of development cooperation.
They agreed on the importance (...)
The African Export–Import Bank (Afreximbank) has signed on Saturday a term sheet for a $141 million seven-year intra-Africa investment finance facility with one of the key construction companies in Zimbabwe, Exodus & Company.
The facility will for (...)
