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Africa News
Saudi Arabia’s VMS acquires stake in Egyptian startup Cash Cows
Saudi venture studio VMS has acquired a minority stake in Egyptian start-up accelerator Cash Cows as part of a…
INTELCIA to invest EGP500 mln in new outsourcing company in Egypt
Moroccan business process outsourcing (BPO), INTELCIA, is planning a EGP500 million investments in the Egyptian…
Top 10 African countries with highest economic mobility based on visa-free travel in 2023
A report done by Henley & Partners which ranks all passports in the world in terms of their Henley Passport…
Grammys add new Best African Music Performance category
Next year’s Grammy Awards will be featuring three new categories, among them is the Best African Music Performance,…
Rare Mozambican ruby sold for $34 mln
A rare 55.22-carat ruby found in a Mozambican mine has been auctioned in New York by Sotheby’s for $34 million on…
Fitch downgrades Tunisia’s rating to CCC-
Fitch Ratings downgraded Tunisia’s credit rating from CCC+ to CCC- on Friday, amidst economic uncertainty and…
Eva Pharma, Roche sign agreement to localise immune suppressant drug production in Egypt
Eva Pharma signed agreement with Swiss drug maker Roche to localise the provided medicines production for patients…
Egypt’s UPA, Bristol Myers Squibb sign health development assessment MoU
The Egyptian Authority for Unified Procurement (UPA) and Bristol Myers Squibb have signed an MoU to enhance the…
Afreximbank provides Egypt’s CIAF Leasing with $44m aircraft financing facility
The African Export-Import Bank (Afreximbank) has provided Egypt-based CIAF Leasing with a $44 million aircraft…
Egypt seeks to become regional hub by localising pharmaceutical production – PM
The Egyptian government is implementing ambitious strategies to localise the pharmaceutical industry, and turn…