Category: North Africa
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Egyptian Pound Slightly Appreciates Against U.S. Dollar in Major Banks
The Egyptian pound slightly appreciated against the US dollar on Tuesday, as it was sold at between EGP 18.25 and EGP 18.5 to the dollar in some of Egypt’s major banks. Ahly Bank had the dollar sold at EGP 18.25 and bought at EGP 18.20, down 10 piasters from Monday’s figures. The selling price of…
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Kenya:North Rift farmers defy Uhuru maize export ban
North Rift farmers have defied a presidential decree banning maize export as high prices in neighbouring markets continue to pull majority to dispose of their stocks across the border, threatening to worsen the country’s food situation. The farmers in the region, Kenya’s food basket, continue to ship their produce to the neighbouring states where a…
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Morocco Flexed Economic Muscles and Returned to the AU
“It is a beautiful day when one returns home after too long of an absence,” King Mohammed VI of Morocco said after the North African country was readmitted to the African Union (AU) at its summit in January. The decision by AU leaders in Addis-Ababa, Ethiopia, capped a swift and remarkable process since the King…
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Morocco Funds Relocation of South Sudan Capital
Plans to move South Sudan’s capital from Juba to Ramciel have got a new boost with the signing of an agreement between the South Sudan government and Morroco’s King Mohammed VI in which a $5m feasibility study will be done with funding from Morocco. King Mohammed VI, who is in South Sudan for a three-day…
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Egypt: Cairo Airport Bans Rights Lawyer Negad Al-Borai From Travel
Rights lawyer Negad Al-Borai was banned from travel on Thursday, security sources said in press statements. Al-Borai, director of the United Group law firm, was heading to Jordan for a family visit when he was banned from leaving upon an earlier decision by an investigations judge. The banning decision did not mention details on the…
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Egypt: Germany Lifts Last Restriction On Tourism Flights to South Sinai – Foreign Ministry
The Egyptian embassy in Berlin managed to remove the last of the restrictions imposed on flights to Sharm al-Sheikh and other areas in South Sinai, the foreign ministry said in a statement on Tuesday. Germany, along with Russia, Britain, and others, suspended flights after Russian jetliner Airbus A321 crashed a few minutes after take-off from…
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Egypt: Unemployment Rate Among Women Exceeds 25 Percent – Labour Minister
Minister of Labour Mohamed Saafan said in press statements on Thursday that the unemployment percentage among women exceeds 25%, “which is unprecedented.” He also stressed on the importance of increasing efforts to overcome this plight. Moreover, Saafan said that as Egypt embarks on the “year of women,” there should be significant change in increasing women’s…
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Egypt signs two agreements for oil and gas exploration
Egypt’s Petroleum Minister Tarek al-Molla signed two agreements for oil and gas exploration in the Western Desert and the Suez Canal regions on Tuesday. Egypt aspires to increase its oil and gas production to meet the growing domestic demand for energy. According to the ministry’s statement, the first deal was signed with the Egyptian General…

