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Stronger Egypt’s economy accelerates African growth: Afreximbank

Global growth is projected to strengthen to 3.9% in 2018 up from 3.7% in 2017, benefiting from the improvement of market sentiment, still-accommodative financial policies, strong global demand, and synchronised output expansion in both developed and developing economies, according to the African Export-Import Bank (Afreximbank) outlook to economy performance that will affect the scene in …

Daily News Egypt

More investments, promotion required to boost Egypt’s presence in Africa

Ambassador Gamal Bayoumi, secretary-general of the Arab Investors Union (AIU), said that injecting more direct Egyptian investments in the African market will significantly help in boosting Egypt’s presence in the continent. He added in an interview with Daily News Egypt that Egypt must take real action on the ground, not only organising events, to succeed …

Doaa A. Moneam

Cairo tops Africa’s cities in terms of FDI attraction in UN-Habitat report

Egypt’s capital Cairo held the first place in Africa in terms of volume of foreign direct investments (FDI) attracted, followed by South Africa’s Johannesburg in second place, then Morocco’s Tangier in third, Nigeria’s Lagos as fourth, and Morocco’s Casablanca ranked as fifth, according to the latest report issued by United Nations Human Settlements Programme, (UN-Habitat). …

Mohamed Samir

Op-ed review: criticising BBC, Turkish tour of Africa

Some writers dedicated their op-eds to follow into the footsteps of recent escalation by Egypt’s State Information Service against the BBC network over a report on detention, torture, and enforced disappearances. Al-Youm Al-Sabea Managing Editor Akram Al-Qasas believed that reporters did not make attempts to complete the story by reaching for further sources. Moreover, he …

Amira El-Fekki

Op-ed review: Al-Sisi in Africa, presidential election

State media focused on President Abdel Fattah Al-Sisi’s visit on Saturday to Addis Ababa to participate in the 30th Ordinary Session of the African Union Summit. Both leaders of the two main state-run dailies addressed the role of Egypt in Africa. In Al-Ahram, Abdel Mohsen Salama, chairperson of the newspaper and president of the Press …

Amira El-Fekki