Egypt: Latest News

  • An Investment Banker’s 54 Wishes For African Economies In 2017

    54 Wishes For African Economies in 2017 By Kurt Davis Jr., 4:29 pm AFKI Original

    A sense of what Zimbabwe can expect post-Mugabe. Partnership in the fight against terror for Tunisia. Better strategies combating poverty and HIV in Swaziland. These are just a few of the wishes that a U.S. investment banker visualizes for African countries as the old year winds down and 2016 gives way to 2017.

  • BP Partners With US Exploration Firm Kosmos To Invest $1B In W. African Gas Field

    BP partners with US exploration firm Kosmos By Dana Sanchez, 12:15 pm

    The deal could create a new liquified natural gas hub in Africa. BP is on a spending spree, bulking up its new drilling resources after years of selloffs. BP sold assets worth $40 billion since 2010 to cover the $60 billion costs of the Deepwater Horizon oil spill in the Gulf of Mexico. When Kosmos discovered the gas field off the coast of Mauritania and Senegal, investors were skeptical. “We think we’ve opened up one of the largest areas in the Atlantic basin in the last 15 years,” said the Kosmos CEO.

  • Orange Signs New Sponsorship Deal With The Confederation Of African Football

    Soccer sponsors - Confederation of African Football. Tigo - Sponsor African Soccer By Peter Pedroncelli, 5:37 am

    Telecommunications giant Orange has concluded a new long-term partnership deal as official sponsors for the Confederation of African Football (CAF) flagship competition. The new eight-year deal will see the France-based company confirmed as an official sponsor of five major CAF competitions from 2017 to 2024, beginning with the 2017 Africa Cup of Nations (AFCON) in Gabon this January.

  • CAF Reveals Nominees For Various Soccer Award Categories

    Alex Iwobi - Soccer Award Categories By Peter Pedroncelli, 2:30 am AFKI Original

    While much of the focus inevitably falls on the African Player of the Year accolade, the various nominees for other soccer award categories have been revealed by CAF ahead of the gala event in January. The additional categories included Women’s Player of the Year, club and national teams of the year, coach of the year and accolades for promising young players.

  • Ethiopia Inaugurates Africa’s 3rd-Largest Dam, Threatens Locals, Neighbors, Environment

    Gibe III dam By Staff, 4:53 pm

    Ethiopia’s controversial Gibe III dam got an official inauguration Saturday. UNESCO has condemned it. Human rights groups say it has displaced people in the Omo Valley and will decrease water downstream all the way to Kenya’s Lake Turkana. A far more controversial Ethiopian dam, Africa’s largest ever, is scheduled for completion in 2017. The Grand Renaissance Dam will produce the equivalent electricity of six nuclear reactors.

  • Opinion: Be Patient With Trump In Africa. First He Has To Make America Great Again

    Trump in Africa By Kurt Davis Jr., 11:34 am AFKI Original

    Businessman Trump knows better than anyone that you must have the right friends to survive. Tunisia could be the surprise special relationship. A successful democracy there would boost the fight against terror. Nigeria could go either way with Trump. He wants to help oil in the U.S. This could hurt Nigeria. Political and financial engagement with Egypt, South Sudan, and South Africa will see some rebalancing. Trade that benefits the U.S. is low-hanging fruit for Trump, but how does he view AGOA? He promised to re-evaluate all trade agreements.

  • 12 African Soccer Players Who Are Transfer Targets This January

    African Soccer Players - Kelechi Iheanacho of Manchester City in UEFA Champions League By Peter Pedroncelli, 5:30 am AFKI Original

    The January transfer window is always a busy time for European clubs, and this particular window will be no different, with numerous African soccer players identified as potential targets at the beginning of next year. We take a closer look at 12 of the African players who are transfer targets in the upcoming market window.

  • VIDEO: Climbing Egypt’s Mount Sinai On A Camel

    Mount Sinai on a camel By Joe Kennedy, 7:00 am

    Climbing Egypt’s Mount Sinai on a camel means you get to experience one of the most biblical hikes on the planet without a workout. If you can’t climb, rent a camel and let it negotiate the switches for you through arid, craggy terrain, to the 7496-foot summit. Also known as Gabal Musa, it’s the possible location of the biblical Mount Sinai, mentioned many times in the Book of Exodus and the Quran. Jewish, Christian, and Islamic faith agree. Mount Sinai is where Moses received what forms the basis of law today: the Ten Commandments.

  • 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.

More Headlines