Egypt: Latest News
Peter Pedroncelli, 6:41 am
The Confederation of African Football (CAF) and global integrated energy producer and provider Total have reached an agreement, with the well-known brand confirmed as the official sponsor of African football for the next eight years, which includes being the Africa Cup of Nations title sponsor.
Dana Sanchez, 12:11 pm
The following African tech startups are finalists in the upcoming Demo Africa 2016. They stood out among 723 applicants, and they’ll get to introduce themselves and possibly attract investors at the fifth annual Demo Africa, planned in Johannesburg. Banking and fintech had the highest number of entries followed by media, e-commerce and education. Venture capitalists, angel investors, investment fund managers, tech buyers and media are expected from around the world.
Kurt Davis Jr., 3:52 pm AFKI Original
Her quick rise to the top cracks the glass ceiling of Africa’s male-dominated business world. Critics say she’s privileged, but what about the Bushes, Clintons and Kennedys? She’s accused of pilfering state funds but the movement of money between family members does not establish corruption in the system. Funds may be owed. If allegations of money laundering are confirmed, particularly within Sonangol, analysts will change their views on Isabel.
Staff, 5:06 pm
Botswana has not always supported the African Union on critical issues such as the International Criminal Court, and experts believe it lacks the goodwill needed to support its candidate. South Africa’s A.U. opinions appear closer to Equatorial Guinea’s than Botswana’s on issues such as the politics in Burundi and the ICC’s relations with Africa. The need to give voice within the A.U. to the continent’s historically marginalized regions could push Equatorial Guinea’s candidate to the top. The A.U. faces many challenges including its dependence on foreign aid for its financing.
Staff, 2:23 pm
In May, auditing and advisory firm KPMG said Egypt had overtaken South Africa as the continent’s second-largest economy, based on latest figures released by the International Monetary Fund. However, KPMG’s report said there is “significant uncertainty” surrounding the short- and medium-term development for the Egyptian pound. The gap between the economies of South Africa and Nigeria has been closing despite South Africa’s shrinking economy as the rand weakens.
Dana Sanchez, 12:35 pm
In the past, Eritrean authorities were happy for disaffected youth to leave the country, a diplomat told BBC. They were a potential threat to stability and once working abroad, were likely to send remittances home if they made it safely to their destinations. But the outflow is unsustainable. Eritrea now faces a shortage of workers and is doing more to encourage youth to stay, including saying it’s upping the pay for national service.
Julia Austin, 9:24 am AFKI Original
Not all of the most expensive buildings in Africa are hotels. Some were built to serve the public. The Chinese Government sponsored the development of the African Union Conference Centre and Office Complex, headquarters of the African Union. The building is just over 327 feet tall making it the tallest building in Addis Ababa, Ethiopia, and one of the most expensive in Africa. With a price tag of $200 million, it was a high-profile move in China’s continuing effort to strengthen bonds in Africa.
Mark Rausch, 7:00 pm
Influenced by native African, Middle Eastern and colonial cultures, this distinctive cuisine makes an indelible mark on the palate as well as the mind. If you’re traveling to North Africa be sure to try some of the following dishes — but if you can’t eat them in their countries of origin, you can always try to make them at home. Here are 10 North African dishes which are sure to arouse your senses and sate your hunger, plus links to recipes.
Julia Austin, 2:18 pm AFKI Original
San Francisco-based Zoosk has a presence in most African countries, and ranks high in popularity in the large cities targeted by online dating apps. The app ranks No. 7 in Egypt as the highest-grossing app on iPad, No. 4 in Algeria, No. 3 in Kenya, and No. 2 in South Africa. Zoosk’s co-founders met as undergrads at a tech university in Iran and traveled to the U.S. to attend grad school.
Dana Sanchez, 12:52 pm
The top three investor economies to Africa in 2015 were the U.S., ($66 billion), the U.K. ($64 billion), and France ($52 billion), according to a new U.N. report. China’s investment in Africa more than tripled to $32 billion in 2015, making it the fourth-largest investor on the continent. South Africa was the fifth largest investor in Africa at $26 billion. Investment into Africa overall was down 7 percent and South Africa was one of the biggest losers.
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