Via The Africa Report, commentary on why Egypt and Turkey’s economic rapprochment needs Libya: After ten years of a consistently tense diplomatic relationship, Cairo and Ankara have buried the hatchet to start afresh. Will this reconciliation be enough to boost their weakening economies? In the current global political climate, both Egypt and Turkey are suffering economically. To […]
Read more »Via Russia’s TASS News, a report that Russia is considering the possibility of creating ports in Tanzania, Senegal, Algeria and Egypt: Russia is considering the creation of ports to organize the flow of domestic goods with African countries, in particular in Tanzania, Senegal, Algeria and Egypt. Roman Chekushov, director of the department of international cooperation […]
Read more »Via Bloomberg, a report on Africa’s largest early-stage VC fund’s new raise to expand into Egypt: Investors include Allianz, European Investment Bank, Visa TLcom to use fund for Egypt expansion, invest in more startups Africa’s largest early-stage venture capital fund exceeded targets as it raised $154 million from investors including the European Investment Bank, Allianz SE and the Visa […]
Read more »Via Global Finance, a look at whether Egypt and Morocco can keep driving the region’s economic growth? North Africa is the fastest-growing region in the Arab world and Africa. In 2023, the combined gross domestic product of Mauritania, Morocco, Algeria, Tunisia, Egypt and Libya increased by 4.2%, compared with only 1.6% for the […]
Read more »Via Energy, Capital & Power, a report on a Russian’s firm’s significant bet on Egypt’s mining sector: Russian mining firm Infinity plans to invest up to $1 billion in Egypt’s gold mining industry to boost its business portfolio and the country’s extractive sector. Infinity announced its participation in a bidding round initiated by Egyptian mining company Shalateen Mineral Resources, which […]
Read more »Via Frontier Market News, commentary on the potential – if Egypt’s government can stick to its reform plans – for the country stands a good chance of resolving some of its most persistent challenges: To a Republican president like Ronald Reagan “the nine most terrifying words in the English language are: I’m from the Government, […]
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