Zambia, Saudi Arabia sign debt restructuring deal
Zambia and Saudi Arabia have formalised a debt restructuring agreement to reschedule more than $130m of Zambia’s debt to the Arab nation, according to DNE Africa. The agreement was signed on Thursday in Lusaka by Zambian Minister of Finance and
CBE hosts seminar on supervisory frameworks, risk management with 110 participants from African central banks
In line with Egypt’s ongoing commitment to supporting African nations, particularly in the economic and banking sectors, the Central Bank of Egypt (CBE) recently organized a virtual seminar titled “Effective Supervision: Building Supervisory Frameworks and Risk Management.” The two-day seminar
“500500” Hospital project to enhance cancer care, says Egyptian PM
Egypt’s Prime Minister Mostafa Madbouly convened a meeting on Tuesday to review the progress of the new National Cancer Institute in Sheikh Zayed, known as the “500500 Hospital.” The Prime Minister emphasised the hospital’s critical role in enhancing cancer treatment
Egypt’s Drug Authority achieves Level 3 Maturity certificate for medicines, vaccines
Egypt’s Ministry of Health and Population announced on Saturday that the Egyptian Drug Authority (EDA) officially received the Level 3 maturity certificate (ML3) for medicines and vaccines, according to the World Health Organization’s (WHO) classification for national regulatory bodies. This
Madbouly directs efforts to forge balanced trade agreements with Africa
Egypt’s Prime Minister Mostafa Madbouly recently chaired a meeting of the Permanent Higher Committee for Monitoring Egyptian-African Relations, attended by Egypt’s economic ministers and other relevant government officials. The session, part of the government’s ongoing efforts to strengthen Egyptian-African ties,
CBE hosts inaugural meeting of African Financial Stability Committee
In line with presidential directives to boost Egyptian-African cooperation and integration, the Central Bank of Egypt (CBE) hosted the inaugural meeting of the African Financial Stability Committee (AFSC) from December 9–11, 2024. Under the leadership of CBE Governor Hassan Abdalla,
Egyptian, Somali Foreign Ministers discuss ties, regional cooperation
Egypt’s Foreign Minister, Badr Abdelatty, and his Somali counterpart, Ahmed Moalim Fiqi, spoke by phone to discuss the relationship between their two countries and regional cooperation. The conversation took place following recent summits involving both countries. During the call, Minister
Raya Holding secures $15m from Africa50 for Tier III data centre
Raya Holding for Financial Investments has announced a strategic $15m investment in its subsidiary, Raya Data Centre (RDC), from Africa50, a pan-African infrastructure investor and asset manager. This funding, paired with an additional $10m from Raya Information Technology, brings the
Egypt explores collaboration with ECA to strengthen agricultural transformation, women’s empowerment
Alaa Farouk, Egypt’s Minister of Agriculture and Land Reclamation, met with a delegation from the United Nations Economic Commission for Africa (ECA) on Monday to discuss potential avenues for collaboration. The meeting, held in Cairo, took place during the ECA’s
CBE hosts Mauritanian delegation to share Egypt’s best practices in financial literacy
In line with Egypt’s commitment to fostering stronger African cooperation across various sectors, the Central Bank of Egypt (CBE) hosted a delegation from the Financial Inclusion team at the Banque Centrale de Mauritanie (BCM). The visit aimed to facilitate peer