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    BoG’s inflation targeting framework can’t reduce rise in inflation – IEA

    Monetary Policy Rate must be increased to 19% to check inflation – IEA

    6th CEO’s Summit pushes for ease of doing business law to boost economic growth

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    Policy rate likely to be increased to tame inflation – Databank CEO

    Banking Consultant bemoans continuous charging of unfair fees by banks

    Chamber of IPPs disappointed over ECG’s tariff increase request

    A comprehensive storage strategy will deal with post – harvest losses & inflation – CSIR

    A petrol station worker fuels a car along Kimathi street on July 14 2019,after the Energy and Petroleum Regulatory Authority (EPRA) announced new retail pump prices of petroleum products effective from July 15 to August 14, 2019.price of super petrol increase by Sh0.29 per litre while diesel and kerosene decreased by Sh0.88 and SH2.31 per litre respectively.PHOTO|SILA KIPLAGAT

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    Transactions to be affected by E-levy

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Egypt: MOU to Boost Investment Between SA, Egypt

bycitibusinessnews
October 4, 2016
in Africa, North Africa
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South Africa and Egypt have signed a Memorandum of Understanding (MoU) that will boost investment between the two countries, said the Department of Trade and Industry (dti).

The MoU was signed between Investment South Africa and its Egyptian counterpart General Authority of Investment and Free Zones (GAFI).

“The MoU is designed to conduct an effective and efficient programme geared towards the promotion and facilitation of cooperation of investment activity within high valued added sectors,” said the dti on Sunday.

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The memorandum was signed by Ambassador Sadick Jaffer on behalf of Investment SA and Chief Executive officer of GAFI Mohamed Khodeir.

Ambassador Jaffer said the objective of the MoU is to provide support and facilitate access to respective investment projects and opportunities.

“The MoU symbolises that the economic relationship especially investment between South Africa and Egypt be taken to the next level which will be a more targeted approach, which I believe will lead to greater investment focus between the two countries,” said Ambassador Jaffer.

Jaffer added that a work plan for the next financial year has been drafted which will include missions and conferences between the respective countries.

“The two economic powerhouses on the African continent are keen to encourage two way investment and the two agencies, Investment South Africa and General Authority of Investment and Free Zones (Egypt), will be focal points for business interaction on investment,” added the Ambassador.

The signing ceremony was preceded by an Investment Business Seminar hosted by the Egyptian Business Association as an initial outcome of the second Joint Working Group on Investment held in March 2015.

–

Credit: All Africa

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