Egypt: Latest News
Dana Sanchez, 4:58 pm AFKI Original
African exploration took a hit the last two years. Eni’s success shows it’s not over. Eni is Africa’s leading gas producer. With an oil sector less than 10 years old, Ghanaian companies have limited experience providing tech services to offshore operators. GE says it plans to provide training and support for the local oil and gas supply chain, and SMEs. GE’s new Ghana facility is already supporting Eni. Eni’s exploration success rate is the envy of its peers. Most of Eni’s oil finds were discovered in the last decade, mainly in Nigeria, the Congo, Ghana and Angola.
Peter Pedroncelli, 9:37 am AFKI Original
Egypt national team coach Hector Cuper has named his first squad since the Pharaohs lost in the final of the 2017 Africa Cup of Nations (AFCON) in Gabon, falling 2-1 to champions Cameroon at the beginning of February. Determined to refocus and put the disappointment of finishing second in the continental showpiece competition behind him, the Argentinian coach called up 25 players for national team duty in a friendly international against Togo set for next week.
Dana Sanchez, 3:40 pm
Passengers flying nonstop to the U.S. on 9 carriers from airports in Egypt, Morocco, and six other Middle Eastern countries will not be allowed to bring electronics larger than cell phones in carry-on baggage. This is in response to unspecified terror threats and will be effective indefinitely, senior Trump administration officials said. Would-be terrorists “are aggressively pursuing innovative methods to undertake their attacks, to include smuggling explosive devices in various consumer items,” the U.S. Department of Homeland Security said Tuesday.
Dana Sanchez, 3:22 pm AFKI Original
Despite declining oil prices, oil-rich Norway is the happiest country in the world — proof that it’s about more than income. The people who live in the happiest countries in the world also value good governance, freedom, generosity, honesty, and health, according to World Happiness Report. There’s a deficit of happiness in Africa. African youth are essentially optimisitic and resilient in the face of poor infrastructure, but they are disappointed with development under democracy, say the authors of the report.
The Conversation, 9:16 am
Disruptive competition through technology can benefit consumers, but it also raises socioeconomic issues. Africa is no exception. There are concerns that Uber, with its first-mover advantage in the ride-sharing market, is growing into a monopoly despite the benefits to consumers. Traditional metered taxis are seeing red. In South Africa, new entrants into the ride-sharing app market have made little progress. The picture is very different in Kenya. Safaricom appears to have overcome the seemingly insurmountable first-mover position enjoyed by Uber.
Peter Pedroncelli, 4:10 pm AFKI Original
African football has become a force to reckon with on the world stage, and an indication of which national teams are the best on the continent comes in the form of the FIFA Ranking, which ranks all members of world football’s governing body. Below are the top 10 ranked African national teams in world football for the month of March, according to the FIFA ranking.
Peter Pedroncelli, 6:26 am AFKI Original
Italian Serie A side Inter Milan are aiming to secure the transfer of Egyptian winger Mohamed Salah from top-flight rivals Roma in the upcoming summer transfer market window. The talented Egyptian has been a top performer for the club from the capital during the current campaign, and as a result he is an interesting prospect for teams looking to strengthen their attacking lines for next season. According to Italian reports linking the Nerazzurri from Milan with the 24-year-old Egyptian international, the Italians previously monitored the youngster’s progress when he was still with FC Basel, before joining Chelsea in the English Premier League.
Peter Pedroncelli, 3:20 am AFKI Original
Africa loves soccer, and the popularity of the sport has inevitably attracted soccer sponsors that provide funds in the form of sponsorship deals to be associated with the various competitions taking place around the continent. These global and local brands are important to the development of the sport, ensuring that the most popular brands on the continent are associated with the regional and continental competitions that command the most attention and support from fans. We take a look at 12 soccer sponsors that are involved in sponsorship of the beautiful game on the African continent.
Dana Sanchez, 4:10 pm
For many Western companies, Africa is a fresh start — an opportunity to build facilities and processes that are environmentally friendly and safe. And don’t forget the tax breaks. Manufacturing in Africa is expensive, training and the quality control are expensive. Most apparel will continue to be made in Asian countries where labor is still relatively cheap and infrastructure, in place. But in China, the world’s apparel manufacturing leader, wages have increased 80% since 2010.
Peter Pedroncelli, 7:28 am
Barcelona and Argentina star Lionel Messi was in Egypt this week as part of an initiative to raise awareness and bring attention to a specific health campaign in the North African country. The incredibly talented attacking player travelled to Egypt on Tuesday as part of a campaign to inform and encourage Hepatitis C sufferers in the country to seek treatment for their illness. It is hoped that Messi’s fame and popularity will give further attention to the important health initiative in the North African nation.
- Real Estate