Lenders and investors have welcomed the Egyptian government’s cutting of subsidies, but many ordinary Egyptians are feeling the pinch.
Egypt has devalued its currency and reduced subsidies. Exporters are benefiting, but the country’s citizens have been hit hard by the erosion of their incomes.
Plans to move Egypt’s capital city have hit a snag after Chinese company pulls out.
Morocco is ramping up its economic interests south of the Sahara, prompting other North African states to consider following suit.
Withholding of revenues is causing international carriers to rein in their ambitions in Africa.
A series of photos from across Africa rounding up the news.
The fund will be focused on communications, logistics and travel infrastructure and could boost flagging growth.
The Cairo-based investment firm is leading on a massive refinery project, as it focuses on a resurgent Egyptian economy. More than $36bn worth of deals were …
Ahmed Heikal, Founder and Chairman, Qalaa Holdings, Egypt At Citadel Capital, now Qalaa Holdings, Ahmed Heikal has led the creation of Africa’s largest private equity …
Most rivers run through several countries and are of the greatest economic interest to each of the countries. No wonder disputes over the use of …