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Egypt Wants More Trade With Zambia


Egyptian Foreign Affairs Minister Sameh Shoukry has said his country desires to increase trade and investments with Zambia. Speaking during a bilateral meeting with his Zambian counterpart Harry Kalaba in Addis Ababa, Ethiopia, on Saturday, Mr Shoukry said his country was looking for more investment opportunities in Zambia. He hailed the excellent relations existing between the two countries, and renewed ...

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Rwanda: Moroccan Bank Expresses Interest in Bank of Kigali


Morocco’s Banque Centrale Populaire is currently in negotiations with the Bank of Kigali on the possibility of acquiring a stake in the local bank. Bank of Kigali’s Chief Executive Officer Dr. Diane Karusisi confirmed the development, saying the Moroccan bank has expressed interest which they are evaluating to determine how well it fits within their plans. “We do not have ...

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Morocco: IFC and Proparco Invest in Pioneering Moroccan Green Bond to Boost Renewable Energy


IFC, a member of the World Bank Group, and Proparco, a subsidiary of Agence Française de Développement (AFD) devoted to private sector financing, are investing €100 million and €35 million, respectively, in the first green bond issuance by Banque Centrale Populaire (BCP), to promote sustainable, environment friendly projects in the country. This is the first green bond issuance in foreign ...

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Egypt sees about $1bn foreign inflows since rate boost


Egypt received about $1bn in foreign inflows since the central bank raised interest rates by 200 basis points to curb inflation. The country had $448m in “foreign investment inflows” on Thursday and $400m on Sunday, state-run news agency MENA reported, citing Central Bank Governor Tarek Amer. He didn’t specify the form for the investments, but Egypt holds weekly Treasury bill ...

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Sudan: Minister of Trade Reviews With Egyptian Ambassador Ways to Overcome Impediments Facing Trade Between the Two Countries


Minister of Commerce Hatim Al-Sir has discussed with the Egyptian Ambassador in Khartoum Osama Shaltout ways to overcome the obstacles facing the trade operations. The Minister of Commerce, during his meeting with the Egyptian ambassador to Sudan Wednesday, stressed keenness of the government of Sudan to develop relations with the Egyptian government and expand trade bonds to serve the peoples ...

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Tunisia: New Frontier for African Startups


Tunisia is emerging as the next eHealth hub and may just give Kenya and South Africa a run for its mone It’s the age of the startup and the business savvy are identifying local solutions to global problems. The next big thing may be lurking in a small Kenyan back office or a Tunisian coffee shop – ready to join ...

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Nigeria, Morocco Sign Gas Pipeline, Fertilizer Deals


Nigeria and Morocco on Monday strengthened their business relationship by signing two bilateral agreements in Rabat, Morocco. The first agreement was the Joint Initiative on the Morocco -Nigeria Gas Regional Pipeline. Tagged “The Wonder of Africa” the pipeline project has historical significance because it is designed by Africans for Africans with a direct impact on 300 million people through the ...

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Tunisia Army Deployed to Protect Oil and Gas Fields Against Economic Protests


For the first time, troops in Tunisia are to be deployed to protect key industrial sites against protests, sit-ins and strikes. Poverty, unemployment and corruption are ongoing issues in the North African state. Announcing the deployment, President Beji Caid Essebsi said the troops would protect industrial sites being disrupted by general strikes and protests over poverty. “We know this is ...

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Rwanda: Egyptian Envoy Tips Local Exporters


The business community should take advantage of the good trade relations between Rwanda and Egypt to create useful linkages and partnerships to expand market for locally-made products. According to Mazen Gaber Mousa, the deputy chief of mission at the Egyptian embassy in Kigali, such partnerships could help build capacity of local industrialists and boost the country’s export sector. He also ...

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Rwanda/Morocco: Rwanda, Morocco Sign New Deal On Infrastructure Development


Rwanda Football Federation (Ferwafa) has signed a new agreement with the Federation Royal Marocaine de Football (FRMF) aimed at improving football infrastructure in the country. In a statement released on Saturday, Ferwafa president Vincent Nzamwita confirmed the development on the conclusion of a seven-day visit to Morocco on the invitation of his counterpart, Fouzi Lekjaa. The two sides discussed the ...

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