Egypt takes charge of AfCFTA Council of Ministers with call for faster integration
Egypt officially assumed the presidency of the African Continental Free Trade Area (AfCFTA) Council of Ministers,…
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Tanzania
Egypt’s FM inspects Julius Nyerere Dam project in Tanzania
Egyptian Foreign Minister Badr Abdel Aty inspected the Julius Nyerere Dam project in Tanzania on Thursday, which is…
Egypt’s FM praises ties with Tanzania
Egyptian Foreign Minister Badr Abdel-Aty has praised the longstanding and fraternal relations between Egypt and…
Egypt’s Housing Min. lauds domestic firms for Julius Nyerere Dam
Egypt’s Minister of Housing Sherif El-Sherbiny, highlighted the importance of the Julius Nyerere Dam and Hydropower…
Tanzania to honour Adani Group contracts
Tanzania has affirmed its commitment to honouring existing contracts with an Adani Group unit.
Russia eyes joint projects with Tanzania in key sectors
Russian business is keen on joint projects with Tanzania in tourism, energy, and agriculture, according to Russian…
Chinese investment boosts African energy sector
Chinese foreign direct investment (FDI) in Africa surged to $21.7 billion in 2023, largely driven by initiatives…
China’s Shenghe to acquire 50% in Tanzanian project
Chinese miner Shenghe Resources will acquire a 50 stakes stake in a UK-based firm holding 84% of the Ngualla rare…
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…
Bank of Tanzania keeps rates unchanged
The Bank of Tanzania kept the key rate unchanged at 6 per cent for the quarter ending September 2024. This decision…
S. Korea-Africa summit boosts economic collaboration
Nearly 50 deals and agreements have been inked during South Korea's inaugural summit with leaders from 48 African…
S. Korea inks multi-billion-dollar loan deals with Tanzania, Ethiopia
South Korea's summit with African leaders is resulting in major economic deals, as Tanzania and Ethiopia signed…
Africa’s economies to grow 3.7% in ’24, 4.3% in ’25 – AfDB chair
Africa's economic growth is poised to accelerate to 3.7 per cent this year and 4.3 per cent next, up from 3.1 per…
Tanzania raises interest to 6%
Tanzania's Monetary Policy Committee (MPC) increased the central bank rate (CBR) from 5.5 per cent to 6 per cent
S. Africa’s KAP mulls $317mln logistics unit sale
KAP Ltd. is reportedly considering selling of its Unitrans business, as part of its plans to lower the company's…
Afreximbank, Hassan Allam sign facility agreement worth $200mln
Africa Export-Import Bank (Afreximbank) signed a facility agreement with Hassan Allam Group worth $200 million on…
TAQA Arabia opens first natural gas station in Tanzania
TAQA Arabia, the full-service energy and utility provider in Egypt, has announced the commissioning of Tanzania’s…
Egypt El Sewedy Electric unit plans $400 million industrial city in Tanzania
A subsidiary of El Sewedy Electric plans to set up a new industrial city in Tanzania with total expected…
Dubai-based DP World to invest $250mln to modernise port in Tanzania
Tanzania's government signed a controversial port management deal with Dubai-based DP World to operate and upgrade…
Saudi SDAIA, Google Cloud to train 1K women from 28 countries
The Saudi Data and Artificial Intelligence Authority (SDAIA) is working with Google Cloud to train 1,000 women from…
Ethiopia inks $400 mln financing deal with World Bank
The World Bank (WB) has signed a financing agreement with Ethiopia of a total $400 million to boost human capital…
Tanzania inflation drops to 3.6% – BOT
The Bank of Tanzania (BoT) reported on Monday that the inflation has dropped to 3.6 percent in June from 4 percent…
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…
Egypt bids to host Africa Cup of Nations 2027
The Confederation of African Football (CAF) announced on Thursday that it has received declarations of interest…
Construction, building sector plays a vital role in crisis mitigation- Ambassador El-Badry
Ambassador Mohamed El-Badry, Assistant of Egyptian Minister of Foreign Affairs, talked at Builders of Egypt Forum…
AfDB approves $11.7mln to fertilisers for African farmers
The African Development Bank’s (AfDB) board has approved on Tuesday a $11.7 million budgetary allocation to the…
Dior new pre-fall men collection to take place for the first time in Egypt
Globe designer Kim Jones said on Monday that he will hold his next Dior men’s show to Egypt on December 3 against…
UAE’s Masdar signs agreement to develop 2 GW renewable energy in Tanzania
UAE renewable energy company Masdar has announced on Friday the signing of an agreement with the Tanzania's Tanesco…
India set to surpass China as the world’s most populous country in 2023 – UN says
India is set to become the world's most populous country next year, surpassing China with its 1.4bn people,…
El Sewedy Electric secures Afreximbank $400 million financing for Egypt industrial city in…
African Export-Import Bank (Afreximbank) is supporting Egypt's El Sewedy Electric to establish the Egyptian…
Egypt’s Banque Misr to open branch in Somalia in Q2
Banque Misr, Egypt’s second largest bank, plans to open a branch in Somalia within the second quarter of the year,…
Egypt’s Supreme Group establishes $25 mln logistics centre in Tanzania
Supreme Group intends to start the construction works of its new logistic centre in Tanzania with total investments…
Egypt’s Banque Misr to open 15 new offices in Africa in three years
Banque Misr, Egypt’s second largest bank, will expand its banking presence in 15 new markets across Africa, its…
Tanzania’s economic growth slows 6.6% in Q1
Tanzania’s economic growth slowed to 6.6% year-on-year in the first quarter of 2019 from 7.5% in the same period a…
PM Majaliwa calls on Egypt’s business community to invest in Tanzania
Tanzania's Prime Minister Kassim Majaliwa called on Egypt's business community to invest in Tanzania, saying they…
Tanzania aims to increase trade exchange with Egypt – PM
Tanzanian Prime Minister Kassim Majaliwa on Monday said his country aims to increase trade exchange with Egypt to…
Egypt’s exports to Tanzania rise 75% in 2018
Egypt’s exports to Tanzania jumped 75 percent during 2018, recording $42 million, compared to $24 million in 2017,…
Egypt’s PM follows up work progress in Tanzania’s dam
Egypt's Prime Minister Moustafa Madbouly met on Friday with a number of officials of the state-owned construction…
Egypt’s El Sewedy, Arab Contractors to build $3bn Tanzanian hydro power plant
Egypt’s El Sewedy Electric company will be involved in building a $3 billion Tanzanian hydroelectric power plant,…
Egypt’s PM heads to Tanzania to attend signing of Stiegler’s Gorge dam deal
Egypt's Prime Minister Moustafa Madbouly is heading on Tuesday to Tanzania to attend the signing of the contract to…