African News

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

Muhamed Saeed Bala 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

Muhamed Saeed Bala 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

Muhamed Saeed Bala 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

Muhamed Saeed Bala 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

Muhamed Saeed Bala August 13, 2025

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

Egypt: governments sign memorandum to boost tourism cooperation with Bosnia

Egypt: governments sign memorandum to boost tourism cooperation with Bosnia

Egypt: governments sign memorandum to boost tourism cooperation with Bosnia

Muhamed Saeed Bala August 13, 2025

Egypt and Bosnia and Herzegovina have signed a memorandum of understanding aimed at strengthening bilateral cooperation in...

Ghana: Haruna Iddrisu pledges to continue Murtala Mohammed’s legacy by sponsoring 47 medical students

Ghana: Haruna Iddrisu pledges to continue Murtala Mohammed’s legacy by sponsoring 47 medical students

Ghana: Haruna Iddrisu pledges to continue Murtala Mohammed’s legacy by sponsoring 47 medical students

Muhamed Saeed Bala August 13, 2025

Haruna Iddrisu, Member of Parliament for Tamale-South, has pledged to uphold the educational legacy of the late...

Ivory Coast: FNLS urges local mobilization after US cuts HIV/AIDS funding

Ivory Coast: FNLS urges local mobilization after US cuts HIV/AIDS funding

Ivory Coast: FNLS urges local mobilization after US cuts HIV/AIDS funding

Muhamed Saeed Bala August 13, 2025

The National Fund for the Fight against AIDS (FNLS) has called for stronger domestic efforts to combat...

Egypt: Minister of Education honours top students at Nile International Schools

Egypt: Minister of Education honours top students at Nile International Schools

Egypt: Minister of Education honours top students at Nile International Schools

Muhamed Saeed Bala August 13, 2025

Mohamed Abdel Latif, Egypt’s Minister of Education and Technical Education, welcomed the top-performing students from the Nile...

Libya: Recovery masks structural political blockage

Libya: Recovery masks structural political blockage

Libya: Recovery masks structural political blockage

Muhamed Saeed Bala August 13, 2025

Fourteen years after the fall of Muammar Gaddafi, Libya is experiencing an economic recovery, driven by rising...

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