Members of Egypt's Chemicals and Fertilizers Export Council, led by Khaled Abu El-Makarem, will soon meet with the Minister of Investment and Trade to present the council's plan for increasing the sector's exports.
On the sidelines of the 36th (...)
China signed on Wednesday an agreement to revamp the Tazara railway, a vital transportation link between Zambia and Tanzania. The project, which was originally built with Chinese assistance in the 1970s during the Mao Zedong era, aims to boost (...)
Central Bank of Egypt (CBE) Governor Hassan Abdalla held bilateral meetings with the governors of the central banks of Zambia, Mauritius, and Nigeria. These meetings focused on strengthening co-operation among the three African central banks.
The (...)
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 (...)
Zambia's annual inflation rate for July 2024 increased to 15.4 per cent, up from 15.2 per cent in June 2024. This rise reflects an average price increase of 15.4 per cent for goods and services between July 2023 and July 2024, primarily driven by (...)
Bank of Zambia decided on Wednesday to keep the policy rate at 13.5 per cent. Despite inflation exceeding the target range of 6-8 per cent, the Monetary Policy Committee (MPC) deemed the current policy stance appropriate considering recent (...)
ماهو موعد انطلاق الدوري الانجليزي؟، ماهى مباريات الجولة الأولى في الدوري الإنجليزي ؟، ماهى القنوات الناقلة لبطولة الدوري الإنجليزي الممتاز 2024- 2025 ؟، ماهى القنوات المجانية الناقلة للدوري الإنجليزي موسم 2024- 2025
«المصري اليوم» ستجيب لك على هذه (...)
The Engineering Export Council of Egypt (EEC) recently reported a remarkable surge in the sector's exports during the first half of 2024. Exports increased by 28.6%, reaching an impressive $2.599bn compared to the previous $2.02bn. Led by Sherif (...)
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 (...)
China Railway 20th Bureau Group (CR20) has completed the longest bridge on the 72-km railway line from Marka, near Mozambique, to Bangula in Malawi's Nsanje district. The project was marked by the placement of a 20.6-metre precast T-beam, weighing (...)
Sri Lanka has reached an agreement to restructure $12.6 billion in bonds, moving closer to finalising its debt overhaul after defaulting two years ago. Creditors agreed to a 28 per cent reduction in bond principal, with new notes linked to economic (...)
The International Monetary Fund (IMF) Executive Board has completed the third review of Zambia's 38-month Extended Credit Facility (ECF) and approved an additional $569.6 million, raising total disbursements to $1.1 billion.
Despite a severe drought (...)
The Egyptian Drug Authority (EDA) and Zambia Medicines Regulatory Authority (ZAMRA) signed a memorandum of understanding, during the Africa Health Excon conference, aiming to boost co-operation for public health and meet Zambia's pharmaceutical (...)
Africa's economic growth is poised to accelerate to 3.7 per cent this year and 4.3 per cent next, up from 3.1 per cent in 2023, Reuters reported on Wednesday citing African Development Bank (AfDB) President Akinwumi Adesina.
Adesina expressed (...)
Zambia has made significant strides towards resolving its financial crisis, with over 90 per cent of its $3 billion international bondholders agreeing to a new restructuring proposal. This development marks a crucial step forward in the country's (...)
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 (...)
Zambia's kwacha plunged to a historic low against the US dollar on Wednesday, hitting 27.30, amid severe hard currency shortages exacerbated by a punishing drought that has triggered power cuts in the country, Reuters reported.
According to LSEG (...)
Saleh El-Sheikh, head of Egypt's Central Authority for Organization and Administration (CAOA), participated in the regular meetings of the African Association for Public Administration and Management (AAPAM) Executive Committee, held from April 15 (...)
The International Monetary Fund's (IMF) Board has approved a significant amendment aimed at granting a greater flexibility to assist countries in crisis, even while negotiations with major creditor governments such as China are ongoing, Reuters (...)
The Paris Club, a group mainly comprising developed country creditors, has extended Ethiopia's deadline to secure a preliminary bailout deal with the International Monetary Fund (IMF) by three months, now ending in June, Bloomberg reported on (...)
Zambia is in talks to restructure $3.3 billion of commercial debt, following a recent agreement with overseas sovereign bondholders, Reuters reported on Wednesday.
Secretary to the Treasury Felix Nkulukusa stated that negotiations have commenced, (...)
China will continue collaborating with all parties to advance Zambia's debt restructuring, China's Ministry of Foreign Affairs spokesperson told Reuters on Tuesday.
However, the spokesperson did not explicitly state whether China endorsed the (...)
Africa's public debt is projected to remain elevated above pre-pandemic levels in 2024 and 2025, with numerous countries still at risk of sliding into debt distress as they struggle to manage international loan repayments, according to Reuters (...)
Zambia's dollar debt increased following a government announcement confirming that China and India, the last two countries required to finalise a deal to rearrange Zambia's debt have agreed to make the move, Bloomberg reported.
The value of Zambia's (...)