Egypt: Latest News
Dana Sanchez, 3:21 pm
Things you need to know to do business in Africa, according to a 30-year veteran: “In Africa everything is done with the heart, not with the head. If you sit down with a calculator and start doing all these risk analyses, then Africa is not for you. You have to have a passion for Africa.”
Makula Dunbar, 10:44 am
Egyptian security forces in riot gear swept in with armored vehicles and bulldozers to clear two protest camps in Cairo Wednesday, igniting clashes with pro-Morsi supporters as violence flared across Egypt, leaving more than 50 people dead and hundreds injured.
Ann Brown, 7:00 pm
Egypt’s Suez Canal has announced the shipping lane has broken its record for the amount of cargo sent through it in a single day, according to the head of the agency in charge. Mohab Mamish, chairman of the Suez Canal Authority, said 68 ships crossed the canal on Friday, with a total load of 4.8 […]
Jeffrey Cavanaugh, 10:47 am AFKI Original
Just a few miles downriver from the point where the Blue Nile crosses over from Ethiopia into Sudan, a massive construction project is taking place. While electricity-starved Ethiopians will no doubt gain much from the resulting power produced, the Grand Ethiopian Renaissance Dam — compared to the Hoover Dam in America — has upriver states Sudan and Egypt worried.
Dana Sanchez, 4:34 pm
In October, Kraft Foods split into two Nasdaq-listed companies: Kraft Foods, the mature North American grocery business; and Mondelez International, a global snack food company. Kraft Foods South Africa changed its name to Mondelez South Africa at the end of July. Mondelez International has earmarked $100 million for investment in emerging markets this year.
Makula Dunbar, 3:46 pm
The Egyptian government has allocated EGP 473.2 million ($67.6 million) in the budget of fiscal year 2013-2014 to extend support to farmers. Last year, the government had spent EGP 183.9 million ($26.2 million) on farmer support plans.
Dana Sanchez, 10:47 am
South Africa, Egypt, Sudan and Swaziland are among the 10 slowest-growing countries in Africa. Sierra Leone, Angola, Zambia and Mozambique are among the fastest,
Dana Sanchez, 12:04 pm
Africa’s most attractive hotel markets are Kenya, Tanzania, Nigeria, Angola and Botswana, a global hotel data report ahows.
Dana Sanchez, 10:06 am
South Africa is the largest economy in Africa, but the future might be different as other African countries enter high-speed economic growth fueled by commodities while South Africa’s economy grows at moderate rates.
Makula Dunbar, 5:34 pm
At the end of the 2012/2013 fiscal year, economic growth in Egypt decreased 2.2 percent, according to Ahram Online. Now, in the midst of political turmoil — due to local investors — stocks in the country have seen an impressive increase.
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