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    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    CBOD calls for a more structured supply of Forex for petroleum products

    Economy grows by 3.3% in Q1 of 2022; slowest since Q3 of 2020

    Ghana International Bank reaches agreement with UK’s FCA over £5.8m fine

    UK watchdog fines Ghana International Bank for poor anti-money laundering systems

    Bank of Namibia Governor pays courtesy call on BoG Governor

    DBG funds will not be used to buy gov’t securities – Deputy CEO assures

    Node 8, Ghana Tech Lab partner on Pathways to the adoption of Digital technologies in e-commerce

    Government is committed to stabilizing cedi – Ofori-Atta

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    CBOD calls for a more structured supply of Forex for petroleum products

    Bank of Namibia Governor pays courtesy call on BoG Governor

    DBG funds will not be used to buy gov’t securities – Deputy CEO assures

    Producer Price Inflation rises again to hit 33.5% in May 2022

    #CitiBusinessFestival: Garment industry needs financial support to thrive – Cyndex CEO

    Ghana tops list of countries with cheapest cost of electricity in West Africa

    #CitiBusinessFestival: Forum on surviving uncertainties of consumer markets comes off today

    A law that will compel banks to lend to Agric sector players being considered – Min. of Agric

    National Unemployment Insurance Scheme training launched

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    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

    Citi Business Festival: Acquiring digital skills key to securing employment – Maximus Ametorgoh

    Bank of Ghana commences piloting of digital currency in Sefwi Asafo

    Government to invest heavily in internet safety – Ursula pledges

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    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

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    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

    Bawumia calls for more AfDB support as African economies battle global challenges

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Egypt: Industrial Production Value Drops By 2.9 Per Cent – State Statistics Agency

bycitibusinessnews
July 14, 2016
in Africa, North Africa
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Egypt’s industrial production value dropped by 2.9 per cent to reach EGP 144.1 billion in the 2014/15 fiscal year, compared to EGP 148.4 billion in the previous year, the official statistics agency said.

The drop is due to a decline in the value of industrial production of some economic activities as food production industry and textile industry, according to a report issued by the Central Agency for Public Mobilisation and Statistics on Wednesday.

The production value of the clothing and textile production industry fell to approximately EGP 1.8 billion in 2014/15, compared to EGP 2.4 billion in the previous year, registering a decline of 22.8 per cent, after some factories halted their operations.

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The report mentioned that food production industry recorded an 0.8 per cent decline, falling from EGP 13.5 billion to EGP 13.4 billion, while coke oven and petroleum products saw a 5 per cent decrease as they stood at EGP 95.6 billion in 2014/15.

The iron and steel industry witnessed an 8.2 per cent increase, as it rose from EGP 9.7 billion in 2013/14 to EGP 10.5 billion in the next year, the report added.

–

Credit: All Africa

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