Economy
Egypt has secured access to approximately $1.8 billion in fresh financing after the International Monetary Fund (IMF) completed two key reviews of the country's economic support programmes. The latest approval provides a significant financial boost as Cairo continues implementing reforms aimed at......
Egypt is negotiating long-term liquefied natural gas (LNG) supply agreements with major international energy companies as the country seeks to secure additional fuel supplies amid rising domestic demand and tighter global gas markets. Sources familiar with the discussions said Egypt is looking to purchase......
Egypt’s current account deficit widened sharply in the first quarter of the year, more than doubling compared with the same period in 2025, according to data released by the Central Bank of Egypt. The deficit reached $5.1 billion during the January-March quarter, compared with $2.3 billion a year......
Egypt is set to receive €1.5 billion from the European Union in the coming days as part of a broader macro-financial assistance programme aimed at supporting the country’s economy, according to Egyptian officials. The disbursement represents the first of two remaining instalments under a......
Africa is rapidly strengthening its position in the global energy landscape as countries accelerate investments in green hydrogen, a key component of the transition toward low-carbon economies. According to a recent report by the International Energy Agency (IEA), the continent is expected to witness......
Egypt has added four state-owned companies to its ongoing privatisation programme, according to a statement from the cabinet on Sunday, marking another step in the country’s efforts to restructure parts of its public sector and attract greater private investment. The decision reflects continued......
Morocco ranked second in Africa for electric vehicle sales in 2025, with 5,500 units registered, according to data covering continental EV trends. The country accounted for 22% of Africa’s estimated 25,000 electric vehicles sold during the year, placing it behind Egypt and ahead of South Africa.......
Morocco received a delegation of 31 Egyptian companies from the food, printing, and packaging sectors in a move aimed at expanding commercial cooperation and strengthening bilateral trade links. The mission focused on identifying investment opportunities and building partnerships within Morocco’s......
Morocco is positioning itself as a strategic partner for Indian industrial expansion following its emergence as Africa’s top-ranked industrial economy. The country is targeting investment in defense, automotive, aerospace, green technologies, and logistics, presenting itself as a gateway linking......
Egypt's annual inflation rate is expected to decline slightly in May, offering temporary relief to consumers and policymakers as the country continues to navigate economic challenges. Economists anticipate that the moderation in inflation will be largely driven by favorable statistical comparisons......
Xpeng has officially expanded into Morocco, marking a new stage in its North African growth strategy. The Chinese electric vehicle manufacturer opened its first showroom on 1 April at Casablanca Finance City, positioning itself in one of the country’s main financial and commercial hubs. The move......
The European Bank for Reconstruction and Development has lowered its growth forecast for the economies in its coverage area for 2026. The institution now expects aggregate expansion of 3.1 percent, a decline of 0.5 percentage points compared with its February projection. The revision reflects the economic......
Africa faces a widening gap between climate commitments and available funding. A new policy analysis by Harrison Rehoboth Consulting, based on data from the Climate Policy Initiative, estimates that the continent needs about 2.8 trillion dollars between 2020 and 2030 to meet its Paris Agreement goals.......
