Author: GAR STAFF

Cashew aims to grow into the rapidly expanding ‘buy now, pay later’ (BNPL) sector, with Egypt as a top potential market.

AD Ports Group has signed an agreement with the Egyptian Group for Multipurpose Terminals to develop Egyptian ports.

With the new port, Nigeria aims to become an African transshipment hub and recover lost maritime business.

The OPEC Fund for International Development will contribute USD 14.3 million toward the funding of second phase of a study for the development of the Nigeria-Morocco Gas Pipeline project.

Egyptian startups have raised over USD 150 million in the first four months of 2022. The majority of the funds have been raised through Series A rounds and e-commerce and fintech are leading the way along with logistics companies.

Zimbabwe’s participation in the UAE’s Expo 2020 has resulted in a significant rise in enquiries regarding investment opportunities.

The North African Trade Finance Summit (NATF 2022) will take place in Cairo on June 7 and 8 and will run under the theme of “Trade Resilience and Optimization Amidst Global Supply Chain Disruptions”.

The Central African Republic’s move echoes that of El Salvador, which adopted Bitcoin as an official national currency last year. The Central African Republic is the first country in Africa to adopt the cryptocurrency as legal tender, and only the second state in the world to do so.

n a move that highlights international confidence in Egypt’s ongoing recovery from its currency crisis, the impact of Covid-19 and the difficulties caused by the Ukraine conflict, international rating agency Fitch has assigned the Egyptian economy a rating of B+.

Zenda was launched last year and allows families to pay school fees with pay-now and pay-later payment schemes.