Daily News Egypt Egypt – The Suez Canal Economic Zone (SCZONE) witnessed the opening of the Silicon Valley factory and the Infinix brand production line on Tuesday, in the industrial zone in Sokhna. The factory, which is the first of its kind in Egypt, the Middle East, and Africa, specializes in manufacturing wearable mobile phone…
Arab Finance Egypt is probing boosting cooperation with the Swiss pharmaceutical firm Novartis in the areas of oncological, heart, and immunity diseases, as per a statement. This came during a meeting between Chairman of Egypt Healthcare Authority (EHA) Ahmed El-Sobky and a delegation from the Swiss firm. Both sides also discussed the possibility of training…
The East African Zimbabwe has introduced a new gold-backed digital currency as it battles to stop re-dollarisation, which President Emmerson Mnangagwa’s government fears will spell doom for the country’s fragile economy. The country’s central bank said the digital tokens, also known as Zimbabwe Gold (ZiG), that are dominated in milligrams, can be used by both…
Reuters Egypt’s annual urban consumer price inflation rose to a historic high of 38.0% in September, climbing from 37.4% in August and topping analyst expectations, data from statistics agency CAPMAS showed on Tuesday. It was the fourth consecutive month of record highs recorded on the central bank website, which has figures going back to 2000,…
Reuters News Marrakech – Morocco’s largest pharmaceutical company Sothema is looking for partnerships to set up a plant in east Africa as part of its expansion strategy in the continent, Sothema CEO Lamia Tazi said on Monday. The east Africa plant would be the second for the Casablanca-listed company outside Morocco after Senegal, where it…
By JerryOwilli Marrakech – Morocco’s largest pharmaceutical company Sothema is looking for partnerships to set up a plant in east Africa as part of its expansion strategy in the continent, Sothema CEO Lamia Tazi said on Monday. The east Africa plant would be the second for the Casablanca-listed company outside Morocco after Senegal, where it…
Reuters News The head of the International Monetary Fund on Thursday urged African countries to accelerate their transition to clean energy sources and sustainable agriculture given what she called the “existential threat” posed by climate change. “This is the most significant risk we face as a global community. It is an existential risk,” IMF Managing…
Reuters News Kenya’s economy grew 5.4% year-on-year in the second quarter of this year, slightly better than the 5.2% growth in the same quarter of 2022 thanks to a rebound in the agricultural sector, official data showed on Thursday. The East African nation has witnessed rapid growth in recent years, helped by its diverse economy,…
Reuters News Kenya’s economy grew 5.4% year-on-year in the second quarter of this year compared with 5.2% in the same period of 2022, the statistics office said on Thursday.
Reuters News LONDON – Dengue fever will become a major threat in the southern United States, southern Europe and new parts of Africa this decade, the WHO’s chief scientist said, as warmer temperatures create the conditions for the mosquitoes carrying the infection to spread. The illness has long been a scourge in much of Asia…
