African News

Chad: former general Idriss Youssouf Boy dismissed from army after corruption conviction

Chad: former general Idriss Youssouf Boy dismissed from army after corruption conviction

Chad: former general Idriss Youssouf Boy dismissed from army after corruption conviction

dailymailafric August 13, 2025

Chad’s military has officially stripped former close aide of President Mahamat Idriss Déby Itno, General Idriss Youssouf...

Guinea: September 5 looms as political tensions reach boiling point

Guinea: September 5 looms as political tensions reach boiling point

Guinea: September 5 looms as political tensions reach boiling point

dailymailafric August 13, 2025

Guinea is bracing for a pivotal September 5, 2025, a date charged with political symbolism and rising...

Egypt: Israeli strike targets armed group posing as aid workers amid growing Gaza crisis

Egypt: Israeli strike targets armed group posing as aid workers amid growing Gaza crisis

Egypt: Israeli strike targets armed group posing as aid workers amid growing Gaza crisis

dailymailafric August 13, 2025

The Israeli military has confirmed it struck an armed group masquerading as aid workers, using a vehicle...

Ivory Coast: new infrastructure projects launched to boost health and education in Worodougou

Ivory Coast: new infrastructure projects launched to boost health and education in Worodougou

Ivory Coast: new infrastructure projects launched to boost health and education in Worodougou

dailymailafric August 13, 2025

The Worodougou Regional Council has inaugurated a series of essential infrastructure projects across several villages, aiming to...

Burkina Faso: Minister Traoré oversees scanning and correction of 2025 competitive exams

Burkina Faso: Minister Traoré oversees scanning and correction of 2025 competitive exams

Burkina Faso: Minister Traoré oversees scanning and correction of 2025 competitive exams

dailymailafric August 13, 2025

The Minister of Public Service, Labor, and Social Protection, Mathias Traoré, conducted an official visit on Tuesday,...

Egypt: indispensable photo editing skills increasingly vital for designers

Egypt: indispensable photo editing skills increasingly vital for designers

Egypt: indispensable photo editing skills increasingly vital for designers

dailymailafric August 13, 2025

In an era dominated by social media and visual content, mastering photo editing has become an essential...

Malawi: Nice urges voters in Nsanje to engage with political rallies ahead of elections

Malawi: Nice urges voters in Nsanje to engage with political rallies ahead of elections

Malawi: Nice urges voters in Nsanje to engage with political rallies ahead of elections

dailymailafric August 13, 2025

The National Initiative for Civic Education (Nice) Trust has called on residents of Nsanje District to actively...

Egypt: EGX30 edges higher as trading opens on positive momentum

Egypt: EGX30 edges higher as trading opens on positive momentum Cairo, Egypt – The Egyptian Stock Exchange (EGX) opened Wednesday’s session on a positive note, with the main EGX30 index rising 0.21% to 36,077 points, reflecting steady investor confidence in the market. The EGX Sharia Index advanced 0.52% to 3,663 points, while the EGX35-LV, EGX100, and EGX70 indices rose 0.22%, 0.37%, and 0.39% to 3,853, 14,373, and 10,688 points respectively. Market activity showed a mix of foreign selling and domestic buying. Foreign investors recorded net sales of EGP 9.55 million, whereas Arab and Egyptian investors were net buyers at EGP 7.81 million and EGP 1.742 million respectively. The total trading value reached approximately EGP 347 million, with 175 million shares changing hands across 13,800 transactions. The upward trend followed Tuesday’s positive close, when the EGX30 gained 0.26% to 36,003 points and the Sharia Index edged up 0.01% to 3,644 points. Other major indices also recorded gains, with the EGX35-LV rising 0.3% to 3,844 points, EGX100 increasing 0.44% to 14,321 points, and EGX70 up 0.57% to 10,646 points. The market capitalization of listed shares stood at EGP 2.504 trillion, with Egyptian investors leading net purchases at EGP 63.6 million, while Arab and foreign investors recorded net sales of EGP 39.2 million and EGP 24.4 million respectively. Tuesday’s total trading value was approximately EGP 4.6 billion, with 1.3 billion shares traded over 103,100 transactions. Analysts attributed the steady performance to continued domestic investor confidence and selective buying in key sectors, despite net selling pressures from foreign investors. Market watchers noted that the EGX continues to benefit from strong fundamentals and improved liquidity, supporting the broader trend of cautious optimism among traders. The EGX’s early gains on Wednesday signal a resilient start to the mid-week session, underscoring ongoing investor interest in Egypt’s equities market amid a mix of domestic and regional economic developments.

Egypt: EGX30 edges higher as trading opens on positive momentum

dailymailafric August 13, 2025

The Egyptian Stock Exchange (EGX) opened Wednesday’s session on a positive note, with the main EGX30 index...

Egypt: EGP 500 million allocated to support micro and small enterprises

Egypt: EGP 500 million allocated to support micro and small enterprises

Egypt: EGP 500 million allocated to support micro and small enterprises

dailymailafric August 13, 2025

The Micro, Small and Medium Enterprise Development Agency (MSMEDA) and Banque du Caire have signed two new...

Ivory Coast: 85 teachers undergo training in Bettié to strengthen early school learning

Ivory Coast: 85 teachers undergo training in Bettié to strengthen early school learning

Ivory Coast: 85 teachers undergo training in Bettié to strengthen early school learning

dailymailafric August 13, 2025

Eighty-five primary school teachers from both public and private institutions in Bettié, located in the Indénié-Djuablin region,...

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