Saturday , June 24 2017
Home / Tag Archives: Economy

Tag Archives: Economy

Nigeria: New Economic Recovery Plans – the Road Ahead

The federal government finally launched the Economic Recovery and Growth Plan 2017-2020 in Abuja last Wednesday, raising expectations of economic recovery, if fully implemented. Omololu Ogunmade writes The Council Chamber of the Presidential Villa was filled with excitement and grinning expressions on Wednesday when President Muhammadu Buhari formally launched a …

Read More »

Sisi’s visit to the US leads EGX to green

The Egyptian Exchange (EGX) ended Tuesday’s trading session in green due to Egypt’s president meeting with Trump, on the back of the purchases of foreign and Arab investors, as the market capital increased by about EGP 7 billion. The benchmark index EGX30 went up 1.56%, gaining 203.68 points, and closed …

Read More »

6 reasons to invest in Africa

The conversation about Africa is shifting from one of “deficits” and “gaps” to one about opportunities, prospects, ventures and creativity. That’s not news to companies that have paid close attention to the continent and invested there. The fast growing youth population, the urbanization expected to drive over 50% of Africans …

Read More »

B.TECH plans investments worth EGP 250m in 2017

B.TECH, a retailer for electronics and home appliances in Egypt, plans to pump investments worth EGP 250 million during 2017, the company’s chairman, Mahmoud Khattab, said. The company also seeks to increase its sales in 2017 by 30% to EGP 3 billion, compared to EGP 2.3 billion in 2016 and …

Read More »

Egypt’s new investment law to be approved soon

The Committee of Economic Affairs in the House of Representatives has finalized its review of the long awaited new investment law, Mohamed Khodeir, Head of General Authority for Investment (GAFI) said, noting that the committee has discussed all clauses in the law with him throughout the previous period. The law …

Read More »

Moody’s Sees Egypt’s Economy Growing but Reforms Slipping

By: Ahmad Abu el-Hamd March 29, 2017  CAIRO — The economic picture for Egypt is improving, ratings agency Moody’s said on Wednesday, but a public backlash will likely lead the Mideast country to slow reforms undertaken to secure a bailout from the international Monetary Fund. The group forecasts that the Arab …

Read More »

Egypt targets 2017-18 budget deficit of about 9.5 %

Egypt’s government is targeting a budget deficit of about 9.5 percent of gross domestic product for the 2017-18 financial year starting on July 1, Prime Minister Sherif Ismail said in a news conference on Sunday. Ismail said he expects the deficit for the current year to June 30 to be …

Read More »

Egyptian-Spanish bilateral trade up 17%

Trade exchange between Egypt and Spain grew 17% year-on-year between January and November 2016, the Egyptian minister of trade and industry, Tarek Kabil, said in a statement on Monday. During the eleven-month period, bilateral trade with Spain reached EUR 1.9 billion, compared to EUR 1.6 billion in the same period …

Read More »
Seo wordpress plugin by