Economics

Kenya: CIPS global chief’s visit aims to boost supply chain excellence across East Africa

Kenya: CIPS global chief’s visit aims to boost supply chain excellence across East Africa

Kenya: CIPS global chief’s visit aims to boost supply chain excellence across East Africa

Muhamed Saeed Bala August 14, 2025

The Global Chief Executive Officer of the Chartered Institute of Procurement & Supply (CIPS), Ben Farrell, is...

Egypt: QNB Egypt raises foreign currency purchase limit for travellers to $10,000

Egypt: QNB Egypt raises foreign currency purchase limit for travellers to $10,000

Egypt: QNB Egypt raises foreign currency purchase limit for travellers to $10,000

Muhamed Saeed Bala August 14, 2025

Qatar National Bank (QNB) Egypt has announced an increase in the foreign currency purchase limit for customers...

Egypt: Pound’s rise signals economic resilience, says Cabinet spokesperson

Egypt: Pound’s rise signals economic resilience, says Cabinet spokesperson

Egypt: Pound’s rise signals economic resilience, says Cabinet spokesperson

Muhamed Saeed Bala August 14, 2025

Egypt’s Cabinet spokesperson Mohamed al-Homsani has said the recent appreciation of the Egyptian pound against the US...

Cameroon: UBA Cameroon and Afreximbank deepen partnership to boost AfCFTA trade and payment innovation

Cameroon: UBA Cameroon and Afreximbank deepen partnership to boost AfCFTA trade and payment innovation

Cameroon: UBA Cameroon and Afreximbank deepen partnership to boost AfCFTA trade and payment innovation

Muhamed Saeed Bala August 14, 2025

Douala, August 14, 2025 – United Bank for Africa (UBA) Cameroon has strengthened its ties with the...

Egypt: GIG Egypt Life Takaful to distribute record surplus to customers for fourth year running

Egypt: GIG Egypt Life Takaful to distribute record surplus to customers for fourth year running

Egypt: GIG Egypt Life Takaful to distribute record surplus to customers for fourth year running

Muhamed Saeed Bala August 14, 2025

GIG Egypt Life Takaful has announced it will distribute an exceptional surplus from its insurance activities to...

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...

Benin: here is the process for setting up businesses in the GDIZ

Benin: here is the process for setting up businesses in the GDIZ

Benin: here is the process for setting up businesses in the GDIZ

Muhamed Saeed Bala August 13, 2025

The Glo-Djigbé Industrial Zone (GDIZ) represents a cornerstone of Benin’s industrial transformation and a growing hub for...

Guinea mining sector shaken as permit withdrawals spark wave of international disputes

Guinea mining sector shaken as permit withdrawals spark wave of international disputes

Guinea mining sector shaken as permit withdrawals spark wave of international disputes

Muhamed Saeed Bala August 13, 2025

Guinea is facing an escalating series of international legal challenges after revoking more than 300 mining permits...

Ghana’s local miners call for support following historic iron ore discovery

Ghana’s local miners call for support following historic iron ore discovery

Ghana’s local miners call for support following historic iron ore discovery

dailymailafric August 12, 2025

African Exploration Minerals Group (AEMG) has completed the first phase of iron ore exploration in the Oti...

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