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TICAD VII: Egypt strikes deal with Japan’s leading bank to boost mutual investments

Egypt’s General Authority for Investment and Free Zones (GAFI) has penned a Memorandum of Understanding with Japan’s top banking group in a move that will enable both sides to increase mutual investments, Zawya news reports. Egypt’s minister of investment Sahar Nasr according to the media made the announcement in a statement on Wednesday. The MoU […]

Ghana to host African Continental Free Trade Area Secretariat

The Assembly of Heads of State and Government of the African Union (AU) has selected Ghana as the host country for the Secretariat of the African Continental (AfCFTA) Free Trade Area. The announcement was made on Sunday, 7 July 2019, during the 12th AU Extraordinary Summit held in Niamey, the capital of Niger, after Ghana […]

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Libya: GNA-aligned HCS accuses Egypt for death of at least 40 migrants in air strike

Head of the Libya’s High Council of State, HCS, aligned with the UN-backed Government of National Accord (GNA) has held Egypt responsible for the bombing of a migrant camp in Tripoli in which at least 40 illegal migrants had been killed, Libya Express reports. A drone airstrike believed carried out by the self-proclaimed Libyan National […]

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AFCON: Egypt kicks Amr Warda out following alleged sexual harassment

Egypt have booted out midfielder Amr Ward embroiled in an alleged sexual scandal as the national squad qualify for the second round of the AFCON tournament. The Egyptian Football Association (EFA) in a statement said the 25-year-old player has been dismissed over indiscipline. “The head of the Egyptian Football Federation, Hani Abu Reda, has decided […]

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UAE investments in Egypt reach $6.66 billion in 2018

UAE investments in Egypt slightly went up in 2018 to reach $6.66 billion compared to $6.513 billion in 2017. The figures were disclosed by UAE ambassador to Cairo Gomaa Mubarak al-Junaibi during the fourth meeting of the UAE investors in Egypt. With a total of $6.66 billion investment last year, the UAE stands out as […]

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Egypt: private electricity producers gear up for the world’s largest solar installation

Oslo Stock Exchange-listed energy company, Scatec Solar, has commissioned a 65-megawatt photovoltaic power plant within the Benban complex in eastern Egypt. According to local media, the Norwegian company is preparing to build five additional power plants, with a total capacity of 400 MW, as part of this solar megaproject in the North African nation. The […]

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EIB invests €495 million in transport, energy, internet across Africa

The European Investment Bank has formally agreed a total of €495 million of new financing for three projects to support sustainable transport, clean energy and internet access projects in North, West and East Africa. The three projects, signed at the summit attended by heads of state and government from across Africa and Europe, earlier this […]

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Egypt or South Africa to host AFCON

Egypt and South Africa have officially put in bids to host the next African Cup of Nations, the continent’s football body said. Cameroon has been stripped of the rights to host the 2019 Africa Cup of Nations earlier this month, with CAF saying that Cameroon has been unable to complete the necessary logistics. CAF also […]

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Egypt pledges to promote intra-African trade as he takes AU chair

Egypt’s president, AbdelFattah al-Sisi on Monday unveiled plans to promote intra-African trade when he takes over as chair of the African Union next year. Egypt has hosted a high-level business forum on Saturday and Sunday with a focus on exchanges between countries on the continent. President Sisi in a speech during the forum encouraged investors […]

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AFCON: Morocco likely fitting candidate after CAF striped off Cameroon rights to host

Morocco has emerged as the likely candidate to host next year African Cup of Nations (AFCON) after Cameroon was robbed off the rights to stage the event. A source told Huffpost Morocco that the Moroccan Football federation (FRMF) is willing to host the competition but is waiting for the government’s approval to bid. The North […]

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