Egypt: Latest News

  • Currency Devaluations In Egypt And Nigeria: Why Are The Results So Different?

    By Kurt Davis Jr., 12:26 pm AFKI Original

    Egypt floated its currency earlier this month. The Egyptian pound dropped nearly 50%. Early signs show increased investment in the country. Despite diverging perspectives on the methodology, most economists buy the long-term upside. If the Egyptian story is any indication of success, letting the naira hit rock bottom on a fully-floated basis will result in greater investment in the country and a recovering naira over time. As one local put it, Nigeria should be able to do this (and many other things) better than Egypt. Maybe this is the opportunity to back up such bold statements.

  • 12 Things You Didn’t Know About The 5 African Player Of The Year Hopefuls

    Group A By Peter Pedroncelli, 3:35 am AFKI Original

    The African Player of the Year shortlist was recently reduced to a selection of the top five nominees for the 2016 award.
    These are 12 things you may not know about the five African Player of the Year nominees who remain in contention to win the prestigious continental award.

  • Africans Embrace Black Friday, Online Retailers Want A Piece. Is This Cultural Colonialism?

    By Dana Sanchez, 3:26 pm

    South Africa has seen a massive adoption of North American retail trends, and Black Friday is no exception, a trend analyst says. “It is tested, it works and is already embedded in the minds of South Africans.” Other research analysts are more critical. “Black Friday…is an attempt to cash in on the hype surrounding the day in the U.S.,” said Arthur Goldstuck, managing director at tech research firm World Wide Worx. “It is a classic example of self-inflicted cultural colonialism, except that here the motive is unashamedly commercial. That, in turn, means it represents blatant exploitation of the consumer at its worst.”

  • Top Five African Player Of The Year Shortlist Revealed For 2016 Award

    2016 African Player Of The Year By Peter Pedroncelli, 7:59 am AFKI Original

    The African Player of the Year shortlist has been reduced to a selection of the top five nominees for the 2016 award. The Confederation of African Football (CAF) revealed the five players this week, choosing them from the original list of 30 players announced last month.

  • Nigeria Topple Algeria, SA Stun Senegal In World Cup Qualifying

    Victor Moses - World Cup qualifying By Peter Pedroncelli, 12:21 am AFKI Original

    The third round of African World Cup qualifying continued this past weekend, with the 20 teams from the continent left with a chance of securing one of the five spots allocated to Africa in action across the continent. This is how the 10 African World Cup qualifying matches turned out for the participating nations looking to earn their ticket to Russia in two years’ time.

  • Facebook Should Be Growing Fast In Africa. Here’s Why It May Fall Flat

    Facebook should be growing fast in Africa By Staff, 12:01 am

    Facebook is not the only big social media beast vying for users in Africa. WeChat, owned by Chinese firm Tencent, is also making forays on the continent, and has seen significant uptake in South Africa, where it has over 5 million users. WeChat is betting big on additional services such as money transfers and airtime purchases on top of its social network to encourage further growth, and is closing in on Facebook’s WhatsApp, which has been around much longer.

  • Kenya To Go On With Nuclear Energy Plans Despite Huge Renewable Energy Potential

    By Kevin Mwanza, 8:45 am

    Kenya will go on with plans to construct its first ever nuclear plant to fill its power deficit, defying calls from Italian and German experts who urged the nation to instead focus on developing its renewable energy. East Africa’s biggest economy identified possible sites near Lake Turkana, Lake Victoria and the Indian Ocean, targeting to use the vast water resources to cool off the reactors once they start generating power.

  • 10 African World Cup Qualifying Matches Coming This Weekend

    World Cup Qualifying - El Arabi Hillel Soudani for Algeria. Photo: foot mercato By Peter Pedroncelli, 4:50 am AFKI Original

    The third round of African World Cup qualifying continues this coming weekend, as the second set of matches see 20 teams from the continent left with a chance of securing one of the five spots allocated to the African continent. This weekend 10 fixtures will be played around the continent in the group stages. Here are 10 African World Cup qualifying matches to look out for this coming weekend.

  • Mohamed Salah’s Roma Hat-Trick Is Good News For Egypt

    Mohamed Salah scores hat-trick for Roma By Peter Pedroncelli, 4:20 am AFKI Original

    Egypt international striker Mohamed Salah scored a hat-trick for Italian Serie A club Roma on the weekend against Bologna in a 3-0 victory over their opponents. The win allowed the club from the capital to move into second place, four points behind Italian top-flight leaders Juventus, while Salah’s form is good news for Egypt.

  • New Ghanaian Airline Plans Q1 Service To Baltimore-Washington, Removes Barrier To Hub Status

    New Ghanaian airline By Dana Sanchez, 5:52 pm

    Ghana hasn’t had a national long-haul carrier since Ghana Airways, one of Africa’s oldest airlines, stopped flying in December 2015. Getting one will remove one of the stumbling blocks that prevented Accra from becoming a West African hub for air travel. There is no strong airline and no airport hub in West and Central Africa. Ghana made up for the absence of a strong carrier by issuing other airlines rights to carry passengers from Accra.

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