Sisi meets CMA-CGM chief at Africa-France Summit
Egyptian President Abdel Fattah El-Sisi met Rodolphe Saadé, Chairman of French shipping group CMA CGM, on Tuesday…
Browsing Tag
Kenya
Uganda in debt financing talks for 85% of $3.15b railway project
Uganda is finalising talks with development finance institutions and export credit agencies to get 85 per cent of a…
Kenya to grow 5.6% in 2025; Ruto says at TICAD 9
Kenya expects its economy to expand by 5.6 per cent in 2025, outpacing official forecasts and last year’s 4.7 per…
Egypt offers to help fund Uganda-Kenya Angololo Dam Project
Egypt is ready to help finance the Angololo Multipurpose Dam Project between Uganda and Kenya through a $100…
Egypt’s Irrigation Min. meets new ambassadors to bolster Nile Basin cooperation
Egypt's Minister of Water Resources and Irrigation Hani Sewilam held a meeting on Monday with the newly appointed…
Egypt hosts Kenyan central bank team for cybersecurity knowledge exchange
The Central Bank of Egypt (CBE) hosted a three-day visit by a senior delegation from the Central Bank of Kenya…
Kenya records 4.1% annual inflation in July
Kenya's annual inflation rose to 4.1 per cent in July from 3.8 per cent in June, driven by higher food, transport,…
Egypt-AU trade grows 6.5% in ’24 – CAPMAS
Trade volume between Egypt and African Union countries reached $9.8 billion in 2024 against $9.2 billion in 2023, a…
Egypt’s Food Export Council, CIB ink deal to boost export growth
Egypt’s Food Export Council (FEC) has signed a strategic partnership with Commercial International Bank (CIB) that…
Egypt trade with Africa hits $9.8b in ’24 – CAPMAS
Trade volume between Egypt and African Union countries reached $9.8 billion in 2024, marking a 6.5 per cent…
China’s GS Global to build $15m garment factory in Egypt’s West Qantara
Egypt’s Suez Canal Economic Zone (SCZone) has signed a $15 million agreement with Chinese apparel manufacturer GS…
Kenya to cut budget deficit to 4.5%
Kenya will cap its budget deficit at 4.5 per cent of GDP in the 2025/26 fiscal year, down from 5.1 per cent the…
Kenya’s annual inflation up in April
Kenya’s annual inflation rate rose to 4.1 per cent in April 2025, up from 3.6 per cent in March, driven largely by…
Kenya targets lower debt ratio 2027/28
Kenya plans to cut its debt-to-GDP ratio to 52.8 per cent by 2027/28 from 58.1 per cent, Finance Minister John…
Kenya seeks new IMF loan to utilise unused funds
Kenya has applied for a new lending programme from the International Monetary Fund (IMF) to incorporate unused…
GCF approves $130m for climate resilience in Kenya, Serbia
The Green Climate Fund (GCF) approved over $130 million for two projects led by the Food and Agriculture…
Egypt, Kenya elevate relations to strategic partnership
Egypt and Kenya have agreed to bolster economic, trade, and investment cooperation, recognising significant…
Egypt, Kenya trade reaches $567m in ’24
Egypt's President Abdel Fattah El-Sisi received Kenyan President William Ruto on Wednesday to discuss cooperation…
Egypt trade volume with Nile Basin states hits $3b in ’23
Trade volume exchange among Egypt and Nile Basin countries hit $3.0 billion in 2023.
Egypt’s c. bank joins PAPSS to boost intra-African trade
The Central Bank of Egypt (CBE) approved joining the Pan-African Payment and Settlement System (PAPSS) in November…
Kenya targets 3.8% budget deficit for FY ’25/’26
Kenya will target a budget deficit of 3.8 per cent of GDP in the FY 25/26 , a senior official from the Ministry of…
Egypt’s trade w/ African blocs up in ’23
Egypt’s total trade with African Union countries reached $9.2 billion in 2023, marking a 5.7 per cent increase from…
Egypt’s Arab Contractors wins $70-m road project in Uganda
Arab Contractors Co. has secured a $70 million contract for the design and implementation of the 56-kilometer…
JPMorgan Chase plans African expansion
JPMorgan Chase, the largest US lender, is planning to enter Kenya and Ivory Coast this year as part of its strategy…
Kenya seeks IMF support amid economic adjustments
Kenya is in discussions with the International Monetary Fund (IMF) to secure additional funding by year-end and to…
Kenya projects 3.5% budget deficit in FY ’25
Kenya's finance ministry projected a decline in the country's budget deficit to 3.5 per cent of GDP in the upcoming…
Kenya launches national debt audit
Kenya has initiated a comprehensive audit of its national debt, Finance Minister John Mbadi announced on Monday.…
Kenya c.bank to hold its next rate decision meeting on Oct 8
The Central Bank of Kenya (CBK) announced on Monday that its Monetary Policy Committee (MPC) will hold its next…
Huawei, Kenya join forces for cybersecurity boost
Chinese telecom giant Huawei has joined forces with the Kenyan government to bolster the cybersecurity capabilities…
China-Africa economic ties reach new highs – official
China has underscored its deepening economic and trade cooperation with Africa since the 2021 Forum on China-Africa…
FAO, EU launch €47m programme for E. African pastoralists
The Food and Agriculture Organisation (FAO) and the European Union (EU) have launched a €47 million programme to…
Kenya seeks IMF approval for economic plan
Kenya has submitted an economic repair plan to the International Monetary Fund (IMF), with the IMF board expected…
Egypt remains Africa’s top investment destination – UNCTAD
Egypt has been named Africa's top destination for foreign investment for the second consecutive year, according to…
Kenya’s business activity declines in June – PMI
Kenya's private sector witnessed a downturn in activity during June to 47.2, down from 51.8 in May.
Egypt secures $131m from AfDB
Egypt's Ministry of International Cooperation recently signed an agreement with the AfDB worth $131 million to…
Kenya seals IMF agreements
Kenya and the International Monetary Fund (IMF) have sealed a staff-level agreement on the seventh review of…
Kenya to use part of World Bank loan to repay debt
Kenya intends to allocate a portion of its World Bank budget support loan to fulfil a payment of approximately $500…
Zimbabwe approves Musk’s Starlink
Zimbabwe's telecommunications regulatory authority has approved Elon Musk's Starlink, the satellite arm of SpaceX,…
US set to pour fresh investments in Kenya
Joe Biden and Kenyan President William Ruto are set to unveil investments in green energy and health manufacturing…
Kenya GDP grows by 5.6% in ’23
Kenya's economy expanded by 5.6 per cent in 2023, up from a revised 4.9 per cent in the previous year, according to…