AfDB calls on African nations to accelerate private capital mobilisation to close development financing gap
Rabat – African Development Bank (AfDB) President Sidi Ould Tah urged African governments and financial institutions to intensify efforts to mobilise private capital to bridge the continent’s widening infrastructure and development financing gap. Speaking at the opening of the 2025
Egypt Kuwait Holding sells 63.4% stake in Delta Insurance to Morocco’s Wafa Assurance for EGP 3.17bn
Egypt Kuwait Holding (EKH) announced the completion of the sale of its entire 63.39% stake in Delta Insurance to Morocco’s Wafa Assurance, under the latter’s mandatory tender offer. In a statement to the Egyptian Exchange (EGX) on Sunday, EKH said
Egypt, Morocco explore deeper industrial, transport cooperation
Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, met with the Ambassador of Morocco to Cairo, Mohamed Ait Ouali, to discuss ways to strengthen industrial, investment, and transport cooperation between the two countries.
AliExpress expands local currency payment options for shoppers in Egypt, across Africa
AliExpress, the global online retail marketplace, has announced a major expansion in its payment options for shoppers across Africa, including Egypt, South Africa, Algeria, Ethiopia, Morocco, and Tanzania. This initiative, launched in March, aims to provide a more seamless and
IFC, Kazyon strengthen partnership to boost Morocco’s food retail sector
The International Finance Corporation (IFC) is expanding its partnership with Kazyon Group to support the development of Morocco’s discount grocery retail sector. This initiative aims to improve access to quality food and create tens of thousands of jobs, particularly for
“Sick Joke”: Trump’s Idea to Resettle Palestinians in Puntland, Somaliland, Morocco Faces Widespread Rejection
US President Donald Trump has once again ignited controversy with suggestions to relocate Palestinian residents of Gaza to Somaliland, Puntland, and Morocco, a plan detailed by Israeli Channel 12. This proposal, reminiscent of earlier discussions about transferring Gaza’s population, has
Egyptian business delegation to visit Morocco to strengthen investment, trade ties
The Egyptian-Moroccan Joint Business Council, led by Nezar Abou-Ismail, convened its inaugural meeting to discuss strategies for enhancing communication and collaboration between the two countries, with a focus on boosting investments and trade. Abou-Ismail highlighted the council’s discussions on overcoming
Unionaire launches largest home appliances factory with EGP 6bn investment
Unionaire Group, a leading home appliances manufacturer, has unveiled plans to launch a state-of-the-art factory with an investment of approximately EGP 6bn, marking a significant expansion in Egypt’s manufacturing sector. The company is positioning the new facility to become the
Fouad advances Egyptian-African cooperation in environmental protection
Egypt’s Minister of Environment, Yasmine Fouad, participated in the Second Roundtable of the African Forum of Environmental Protection Agencies (AFEPA) in Cairo, hosted by CEDARE in collaboration with the UNEP Regional Office, from 3 to 5 December. The forum brought
Leapmotor International Ships First Batch Of Its Electric Vehicles From China To Europe – CleanTechnica
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Leapmotor International, a Stellantis-led company (51%/49% between Stellantis and Leapmotor), has shipped the first batch of its electric vehicles, the C10 SUVs and the T03