Unlocking new market opportunities
Africa, with its vast and diverse markets, presents a plethora of untapped opportunities for businesses looking to expand their footprint. As the continent continues to experience rapid economic growth, and…
Traders celebrate as Bitcoin surges above $57,000
Bitcoin traders are celebrating "good news" as the price of Bitcoin (BTC) surged above $57,000 on September 9, following a weekly close above a key support level. The price increase…
Egypt gemstones exports hit $1.5 billion in 7 months
Egypt’s jewellery and precious stones exports increased by 118% from January to July to reach $1.526 billion, compared with $ 700 million in 2023, according to the Consultative Committee for the Materials, Refractories and Metallurgical Industries (ECBM) monthly report.The report shows the United Arab Emirates topping the list in jewellery and diamond exports, with a 287 per cent increase from $235 million in 2023 to $909 million. Switzerland ranks second, rising 591% from $88 million to $605 million in 2023. Jordan ranks third with exports reaching $3 million in 2022, an 80% increase from $41,000 in 2023.Canada fell to fourth place, falling 99 per cent from $372 million in 2023 to $3 million.Turkiye ranks fifth with $1.476 million, a 19.157% increase from $0.08 million in 2023.On the other hand, the Central Bank of Egypt (CBE) announced in August that it would extend the deadline…
EU pledges $35 million for South Africa’s green hydrogen projects
The European Union has pledged to give South Africa two grants worth $35 million to accelerate its green hydrogen plans. The first EU grant, worth R140 million (US$7.8 million), aims to help South Africa’s state-owned company Transnet cover infrastructure costs to support railways,…
Two Shelf Drilling jack-ups heading to West Africa
Shelf Drilling, a Dubai-based drilling contractor, has secured two new contracts for its jack-up rigs offshore West Africa. The first contract is for the 2010-built Shelf Drilling Mentor 350-foot LeTourneau…
Somalia to sanction companies recognising Somaliland an independent nation
Somalia said it would follow through on its threat to punish organisations that label Somaliland or act as if it were an independent region. Authorities say all companies operating in Somalia must change information on their websites to reflect the Somaliland part by September 10th, 2024.Also, Somalia's Ministry of Trade and Industry (MoCI) has asked companies to remove the name of Somaliland, which has declared independence from online information…
Uganda sets ambitious goal for Tenfold GDP growth through mining sector expansion
The Ugandan government has unveiled an ambitious plan aimed at achieving a tenfold increase in the nation's Gross Domestic Product (GDP) over the coming years, with a particular focus on…
Zambia and Malawi partner with international companies
African countries are making strides in digital transformation, partnering with international companies to achieve their goals. Google and the Zambian government are collaborating to establish an Artificial Intelligence (AI) Center…
Nigeria’s SEC set to go tough on unlicensed Crypto exchanges
The Securities and Exchange Commission (SEC) has announced plans to crackdown on crypto exchanges operating outside the framework of its regulations.The Director-General of SEC, Dr. Emomotimi Agama, stated this in…
5 Chinese ICT companies sign MOUs with Egypt
Egypt and China have strengthened their ties in the Information and Communication Technology (ICT) sector through the signing of five major memoranda of understanding (MoUs). The agreements, worth around $1.1…
