Reuters Egypt’s foreign currency gap saw a significant contraction to record $400 million in July 2022 from February’s $3.9 billion, revealed First Deputy Governor of the Central Bank of Egypt (CBE) Gamal Negm on Saturday. Negm pointed to the Central Bank of Egypt’s decisions regarding regulating imports as contributing to the decrease. He pointed out…
Reuters CAIRO: Egypt’s Cabinet has approved a plan to ration electricity to save natural gas that it will instead divert to the export market to generate foreign currency, it said on Thursday. Egypt has suffered from an acute foreign currency shortage since Russia’s February invasion of Ukraine, which pushed up global commodity prices, led to…
Reuters The South African rand edged lower late on Friday, after a strong week in which it was bolstered by traders looking for signs of U.S. inflation peaking. Markets interpreted U.S. inflation figures this week as indicating the Federal Reserve could be less aggressive in its interest rate hikes, weakening the dollar and boosting emerging…
By Reuters ADDIS ABABA (Reuters) – Ethiopia has completed the third phase of filling the reservoir for its huge dam on the Blue Nile river, the government said on Friday, a process that continues to irk the country’s downstream neighbours Egypt and Sudan. Addis Ababa says the Grand Ethiopian Renaissance Dam (GERD), a $4 billion hydropower…
By CGTN Africa The first case of the current outbreak of monkeypox was identified in May 2022 and since then, the World Health Organization has been tracking cases around the world in countries that don’t normally report the virus. The rising number of cases prompted the WHO to declare the virus a global health emergency in…
Reuters Egypt’s annual urban consumer inflation accelerated to 13.6% year-on-year in July from 13.2% in June, data from the country’s statistics agency CAPMAS showed on Wednesday.
By CGTN Africa South African pharma giant Aspen will stop making COVID-19 vaccines at the end of August due to a lack of orders, according to a senior executive. Aspen struck a deal in March to produce, price and sell its own brand version of the shot of the Johnson & Johnson (J&J) vaccine which it…
By AP Africa’s public health agency says the continent still does not have a single dose of the monkeypox vaccine, but “very advanced discussions” are underway with at least two partners. The acting director of the Africa Centers for Disease Control and Prevention, Ahmed Ogwell, told journalists on Thursday that he could not give details, but…
By Jennifer Rigby Supplies of a vaccine to prevent the deadly rotavirus infection in children have either run out in Kenya, Tanzania, Senegal and Cameroon or are close to doing so, officials close to the roll-out told Reuters, after disruptions at drugmaker GSK. The World Health Organization estimates that up to 200,000 children die each year…
As of August 8, 2022, confirmed cases of Covid-19 from 55 African countries reached 12,101,718 while 358,577,872 vaccinations have been administered across the continent. https://allafrica.com/
