Egypte | Africatime
Wednesday 22 March 2017

Egypte

(AFP (eng) 03/22/17)
An Egyptian court sentenced on Wednesday six policemen to jail for torturing a detainee to death, the latest such ruling after the government pledged to crack down on police abuses. The Cairo court sentenced an officer to five years in prison, another to one year, and four policemen to three years, a judicial official said. They had been convicted of beating to death Saed Said, a 26-year old accountant, in a police station in 2012. In July last year, a court in southern Egypt sentenced six policemen to prison for beating to death a 47-year old detainee. President Abdel Fattah al-Sisi has promised to toughen laws on police abuses, while also saying such incidents do...
(AFP (eng) 03/21/17)
Egypt on Monday received the second tranche of a $3-billion World Bank loan in support of the government's economic and social agenda, International Cooperation Minister Sahar Nasr said. In a statement on the ministry's Facebook page, Nasr said the second tranche would contribute to "encouraging private sector investment and supporting growth projects that promote employment". Cairo received the first tranche of the loan in September 2016. The minister said the financing was part of a loan of eight billion dollars, "six billion to the government and two billion to support the private sector" for the period 2015-2019. Since the 2011 revolt that drove president Hosni Mubarak from power, Egypt has faced a serious foreign exchange shortage, as political instability puts...
(Reuters (Eng) 03/21/17)
The World Bank has disbursed another $1 billion in financial assistance to Egypt out of its $3 billion loan program with the country, the bank said in a statement on Monday. Egypt has been negotiating billions of dollars in aid from various lenders to help revive an economy hit by political upheaval since a 2011 revolt and to ease a dollar shortage that has crippled imports and hampered its recovery. "The government has taken important steps in implementing key policy...
(Reuters (Eng) 03/21/17)
A trading unit of top Russian oil producer Rosneft has signed a deal to supply 10 liquefied natural gas (LNG) cargoes to the Egyptian Natural Gas Holding Company this year. The first delivery by Rosneft Trading SA (RTSA) is expected in May, Rosneft said. "This agreement will help to further strengthen the strategic partnership between Rosneft and Egypt in an important area of energy security," the company said. RTSA delivered three LNG cargoes to Egypt in 2016. Once an energy...
(AFP (eng) 03/21/17)
Under a cloudless sky in South Africa's northwestern farming region, donkeys still amble along muddy paths, pausing to nibble on grass, oblivious to the threat from a demand for Chinese medicine. The gelatin found in the animals' skin has made them a target, leading to a growing wave of donkey slaughtering in several African countries, as gangs seek to fuel a lucrative, and in South Africa illegal, trade. Animal rights groups say the docile beasts of burden are often cruelly...
(AFP (eng) 03/20/17)
Egyptian President Abdel Fattah al-Sisi will visit Washington in April for talks with US President Donald Trump that will include the stalled Palestinian-Israeli peace process, his office said Monday. A statement by the presidency said "the Palestinian issue will be discussed" with Trump during Sisi's "visit to Washington early in April". Sisi "stressed the importance" of the US administration's "pivotal role in pushing forward the peace process" to try to find a solution to the decades-old Palestinian-Israeli conflict leading to the establishment of a Palestinian state.
(Reuters (Eng) 03/20/17)
Egypt's new stamp duty on stock exchange transactions will come into effect in May and include for the first time a 0.3 percent levy for investors acquiring more than a third of a company's stocks, deputy finance minister Amr al-Munayer said. Egypt's finance minister said last month the government planned to introduce a stamp duty of 0.125 percent on buyers and sellers of stocks, rising to 0.150 percent in the second year and 0.175 percent in the third. But Munayer...
(Andalou Agency 03/20/17)
Halayeb and Shalateen region has long been a sore spot in Egypt-Sudan relations. Sudan has formed a panel to look into “diplomatic” means of forcing Egyptians out of a disputed border area. Abdullah al-Sadeq, the head of the Sudanese technical committee for border demarcation, said the panel has met to set the guidelines for its work regarding the disputed Halayeb and Shalateen Triangle. The meeting also tackled “a roadmap about the region and how to force Egyptians out of the...
(Xinhuanet 03/20/17)
Egyptian President Abdel-Fattah al-Sisi stressed on Monday the importance of a two-state solution to end the Palestinian-Israeli conflict, official Ahram newspaper reported. Sisi's remarks came during his meeting with visiting Palestinian President Mahmoud Abbas who arrived Sunday in Cairo for talks with his Egyptian counterpart ahead of the Amman Arab Summit meeting later this month. During the meeting, Abbas briefed the Egyptian president on the latest developments in Palestine in light of the ongoing Israeli settlement activities. The two leaders...
(The Associated Press 03/20/17)
Egyptian and Palestinian leaders held talks in Cairo on Monday in what Egyptian media reports have called a "reconciliation" meeting. Relations between Cairo and Palestinian President Mahmoud Abbas have been tense over a range of issues, including Egypt's contacts with Gaza's Hamas rulers and other factions that are at odds with Abbas' Palestinian Authority. Relations further soured in December when Egypt withdrew a draft resolution in the U.N. Security Council against Israeli settlements. The draft was later resubmitted by other...
(AL Jazeera 03/20/17)
Detention of Al Jazeera journalist renewed for fifth time, as recent video footage shows him visibly exhausted. Egyptian authorities have renewed the detention of Al Jazeera journalist Mahmoud Hussein for the fifth time, announcing on Saturday that he will be held for another 45 days. Hussein, an Egyptian who lives in Qatar, was stopped, questioned and arrested by the Egyptian authorities on December 20 after travelling to Cairo for a holiday. Recent video footage of Hussein outside an Egyptian court...
(Agence Ecofin 03/20/17)
At the Africa CEO Forum which opened this morning in Geneva, AFD Group – in partnership with the European Union – unveiled the “African Renewable Energy Scale-Up facility”, designed to boost private sector investment in on–grid and off-grid renewable energy production in Africa. In order to meet Africa’s constantly increasing energy requirements, support must be provided for mass development of the renewable energy technologies – especially solar energy – that will play such a key role over the coming years,...
(Voice of America 03/18/17)
Each year, the University of Southern California hosts the African Global Economic and Development Summit, bringing delegations from Africa to meet with business leaders, government officials and others in the U.S. But this year, the African summit has no Africans. All were denied visas. Visa issues are not uncommon for people traveling from African nations. During her prior three summits, Mary Flowers saw a high percentage of her attendees unable to attain visas. "Usually we get 40 percent that get...
(Financial Times 03/17/17)
Crucial deliveries to resume in sign frosty relations are thawing. Saudi Arabia is to resume crucial oil exports to Egypt in a sign that relations between the two regional heavyweights are thawing, six months after the kingdom abruptly halted the shipments. The Egyptian Petroleum Ministry said it expected deliveries of oil products to restart by the end of this month or early April, adding that it was working with Saudi Aramco, the kingdom’s state oil company, on a timetable. Saudi...
(Ahram Online 03/17/17)
Egypt’s Defence Minister Sedki Sobhy and Interior Minister Magdy Abdel-Ghaffar met with security forces in North Sinai, the armed forces said on Friday. In an official statement, the army said the two ministers also toured the city of El-Arish accompanied by North Sinai security director and Second Army field commander Nasser Al-Assi. During the meeting, Sobhy passed on President’s Abdel-Fatah El-Sisi regards and appreciation for the forces' defence of the country, honouring a number of army and police officers for...
(The Associated Press 03/17/17)
Egypt's Health Ministry says hundreds of schoolchildren have been admitted to hospital in a suspected mass food poisoning this week. The ministry says the outbreak involved 2,262 children in eight schools in the southern province of Sohag. They developed symptoms after eating school meals provided as part of a government food program for schoolchildren. The ministry statement late on Tuesday said most of those admitted to hospital have been released. Samples of the meals were being analyzed to ascertain the...
(Voice of America 03/17/17)
One of the enduring legacies of the Barack Obama presidency will be the relationship built between the United States and young Africans. As part of Obama’s Young African Leaders Initiative (YALI), each year 1,000 young people from sub-Saharan Africa travel to the United States to spend six weeks at a U.S. college or university. The program will continue this summer. But building enduring relationships is a two-way street, and many in Africa want to see Americans coming to their continent...
(AFP (eng) 03/16/17)
Saudi giant Aramco is to resume deliveries of oil products to Egypt that have been suspended since last October, the Egyptian petroleum ministry said, amid differences over the Syrian conflict. "It was agreed that the Saudi side will resume shipping Aramco's petroleum products in accordance with the commercial contract between the (Egyptian General) Petroleum Corporation and Aramco," the ministry said late on Wednesday. "Currently the timeline for receiving the shipments is being discussed," it added. During a visit to Cairo by King Salman in April last year, Saudi Arabia agreed to finance
(AFP (eng) 03/16/17)
National Security Advisor H.R. McMaster has tapped Dina Powell to become his deputy, promoting the Cairo-born banker and policymaker to a key White House role. McMaster appointed Powell as deputy national security advisor with particular responsibility for developing strategy, a senior administration official told AFP. She is expected to play a broad role in coordinating between military, diplomatic and intelligence agencies and implementing US foreign policy. The appointment shows McMaster putting his imprimatur on the National Security Council, which had been run by retired general Michael Flynn until weeks ago. He was forced to resign abruptly amid revelations that he misled the White House about
(Xinhuanet 03/16/17)
The Egyptian authorities moved on early Thursday morning the recently unearthed three-milennia-old statue believed to be of ancient King Ramses II to the Egyptian Museum in downtown Cairo, official MENA news agency reported. The report said that the 8.5-ton colossus was moved by the armed forces in cooperation with the ministry of antiquities to be initially reassembled and restored at the Cairo museum before being transferred to its final destination at the Grand Egyptian Museum near the Great Pyramids of...

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(AFP (eng) 03/22/17)
An Egyptian court sentenced on Wednesday six policemen to jail for torturing a detainee to death, the latest such ruling after the government pledged to crack down on police abuses. The Cairo court sentenced an officer to five years in prison, another to one year, and four policemen to three years, a judicial official said. They had been convicted of beating to death Saed Said, a 26-year old accountant, in a police station in 2012. In July last year, a court in southern Egypt sentenced six policemen to prison for beating to death a 47-year old detainee. President Abdel Fattah al-Sisi has promised to toughen laws on police abuses, while also saying such incidents do...
(AFP (eng) 03/21/17)
Under a cloudless sky in South Africa's northwestern farming region, donkeys still amble along muddy paths, pausing to nibble on grass, oblivious to the threat from a demand for Chinese medicine. The gelatin found in the animals' skin has made them a target, leading to a growing wave of donkey slaughtering in several African countries, as gangs seek to fuel a lucrative, and in South Africa illegal, trade. Animal rights groups say the docile beasts of burden are often cruelly bludgeoned to death before being skinned in backyards and clandestine slaughterhouses. Around Mogosani village, in South Africa's North West province, residents say syndicates catch the animals in grazing fields and pens. Soon after, skinned carcasses with hooves chopped off are...
(AL Jazeera 03/20/17)
Detention of Al Jazeera journalist renewed for fifth time, as recent video footage shows him visibly exhausted. Egyptian authorities have renewed the detention of Al Jazeera journalist Mahmoud Hussein for the fifth time, announcing on Saturday that he will be held for another 45 days. Hussein, an Egyptian who lives in Qatar, was stopped, questioned and arrested by the Egyptian authorities on December 20 after travelling to Cairo for a holiday. Recent video footage of Hussein outside an Egyptian court...
(Ahram Online 03/17/17)
Egypt’s Defence Minister Sedki Sobhy and Interior Minister Magdy Abdel-Ghaffar met with security forces in North Sinai, the armed forces said on Friday. In an official statement, the army said the two ministers also toured the city of El-Arish accompanied by North Sinai security director and Second Army field commander Nasser Al-Assi. During the meeting, Sobhy passed on President’s Abdel-Fatah El-Sisi regards and appreciation for the forces' defence of the country, honouring a number of army and police officers for...
(The Associated Press 03/17/17)
Egypt's Health Ministry says hundreds of schoolchildren have been admitted to hospital in a suspected mass food poisoning this week. The ministry says the outbreak involved 2,262 children in eight schools in the southern province of Sohag. They developed symptoms after eating school meals provided as part of a government food program for schoolchildren. The ministry statement late on Tuesday said most of those admitted to hospital have been released. Samples of the meals were being analyzed to ascertain the...
(Voice of America 03/17/17)
One of the enduring legacies of the Barack Obama presidency will be the relationship built between the United States and young Africans. As part of Obama’s Young African Leaders Initiative (YALI), each year 1,000 young people from sub-Saharan Africa travel to the United States to spend six weeks at a U.S. college or university. The program will continue this summer. But building enduring relationships is a two-way street, and many in Africa want to see Americans coming to their continent...
(AFP (eng) 03/16/17)
National Security Advisor H.R. McMaster has tapped Dina Powell to become his deputy, promoting the Cairo-born banker and policymaker to a key White House role. McMaster appointed Powell as deputy national security advisor with particular responsibility for developing strategy, a senior administration official told AFP. She is expected to play a broad role in coordinating between military, diplomatic and intelligence agencies and implementing US foreign policy. The appointment shows McMaster putting his imprimatur on the National Security Council, which had been run by retired general Michael Flynn until weeks ago. He was forced to resign abruptly amid revelations that he misled the White House about
(Xinhuanet 03/16/17)
China's aid to the education sector in Africa is helping boost teacher training, a key component in skilling the population to fast track development, a UN official has said. Ann Therese Ndong-Jatta, Director of United Nations Educational, Scientific and Cultural Organization (UNESCO) Regional Office for Eastern Africa, in an interview recognized China's contribution to Africa's education sector over the years. "We value the initiative in teacher training in Uganda and other countries in Africa. This will revitalize the teaching profession,"...
(Middle East Monitor 03/15/17)
An Egyptian official military source yesterday denied what he described as “allegations” reported by Western media about the deployment of Russian special forces in an Egyptian airbase near the Libyan border. On Monday, a media report claimed “unnamed” American officials and Egyptian security source had said that Russia has deployed special forces and unmanned drones at Sidi Barrani, about 100 kilometres from the Egypt-Libya border. In response to a question by an Anadolu Agency reporter, the Egyptian official who asked not to be named due to the sensitivity of the subject
(Middle East Monitor 03/15/17)
The Russian Defence Ministry confirmed yesterday it did not have special forces in Egypt after a US official and Egyptian diplomatic sources told Reuters Moscow appeared to have deployed forces to an Egyptian airbase, according to the Interfax news agency. US and diplomatic officials stated that the apparent Russian deployment might have been part of its increasing support for Libyan military commander Khalifa Haftar, who also has the backing of Egypt. One official, speaking on condition of anonymity, told AFP...
(Gulfnews 03/15/17)
Since the 2011 revolution, advocates have made slow — but steady — progress in raising awareness of violence against women and the pervasive culture of misogyny. Tackling the country’s sexual harassment epidemic was never a priority for the crowds that gathered, in 2011, in Cairo’s Tahrir Square. And yet unlike the largely unmet reforms they did demand, the fight against sexual violence is one area in which Egypt really has made strides in recent years. It’s been a collateral benefit,...
(AFP (eng) 03/14/17)
Moscow has apparently deployed military forces to a base in western Egypt, a US official said Tuesday, a sign Russia could be increasing its involvement in nearby Libya. The official, speaking on condition of anonymity, told AFP that Russia appears to have deployed special operations forces to an air base at Sid Barrani, which is located about 100 kilometers (60 miles) east of the Libyan border. The official said the American military is monitoring the situation closely. A Western diplomat, who also requested anonymity, confirmed reports that Russian forces are now at a western Egypt army "facility."
(AFP (eng) 03/14/17)
Egypt on Tuesday released 203 prisoners who received a presidential pardon after having been jailed for taking part in unauthorised protests, security and prison officials said. President Abdel Fattah al-Sisi on Monday pardoned "203 youths who had court rulings issued against them in protest cases", his spokesman Alaa Youssef said on his official Facebook page. A 2013 law used to jail activists for up to two years banned all but police-approved protests. The authorities had used the law to prevent...
(AFP (eng) 03/14/17)
The release of Egypt's ex-president Hosni Mubarak approved on Monday ends "talk of the Arab Spring" uprising that toppled him in 2011 after 30 years in power, an analyst said. An Egyptian prosecutor approved a request by Mubarak's lawyer for his release after a top court acquitted him of involvement in the killing of protesters during the popular revolt. Mubarak's expected release comes as many leaders of the 2011 protests that ousted him linger in jail but members of his...
(Reuters (Eng) 03/14/17)
Russia appears to have deployed special forces to an airbase in western Egypt near the border with Libya in recent days, U.S., Egyptian and diplomatic sources say, a move that would add to U.S. concerns about Moscow's deepening role in Libya. The U.S. and diplomatic officials said any such Russian deployment might be part of a bid to support Libyan military commander Khalifa Haftar, who suffered a setback with an attack on March 3 by the Benghazi Defence Brigades (BDB)...
(Agence Ecofin 03/14/17)
The Land Policy Initiative (LPI), a joint programme of the tripartite consortium consisting of the African Union Commission (AUC), the African Development Bank (AfDB) and the United Nations Economic Commission for Africa (ECA) has launched a pilot project to track progress in implementing in the AU Declaration on land issues in Africa. This was revealed by the ECA in a press statement dated March 7. In collaboration with the International Food Policy Research Institute (IFPRI), the project will assess progress...
(AFP (eng) 03/13/17)
A prosecutor allowed Monday for Hosni Mubarak to be released, his lawyer said, after an appeals court acquitted Egypt's ex-president of involvement in the killing of protesters during the 2011 uprising. "He can go home now when the doctors decide he is able to," Farid al-Deeb said, adding that Mubarak is banned from leaving the country pending an ongoing graft investigation. Mubarak, 88, has spent most of his time detained at a military hospital in Cairo since his arrest in...
(The Associated Press 03/13/17)
Egypt's president on Monday pardoned more than 200 people convicted and jailed for their participation in illegal protests. The pardon of the 203 prisoners by President Abdel-Fattah el-Sissi did not cover any of the iconic, secular activists jailed for violating the 2013 protests law, which has effectively ended street activism in Egypt except for demonstrations by government supporters. El-Sissi has overseen a major crackdown primarily targeting Islamists along with secular pro-democracy activists since he led the military's ouster of President...
(AL Jazeera 03/13/17)
Public prosecutor orders release of former president as early as tomorrow following court acquittal. Hosni Mubarak, who was overthrown as president of Egypt in an uprising in 2011, will be released from detention in a military hospital after a six-year legal battle over accusations of involvement in the killing protesters. "He will go to his home in Heliopolis," Mubarak's lawyer Farid El Deeb said, adding the ageing former president would likely be released Tuesday or soon after, but would be barred from leaving the country pending an ongoing corruption investigation.
(Reuters (Eng) 03/13/17)
In Egypt women are pushing gender boundaries in a country that ranks ranks low in gender equity. Women are entering into traditionally male-dominated jobs as the nation continues to battle economic hardships. One of the women is Asmaa Megahed who is in the carpentry industry. We are focusing on economic empowerment, to create productive women, in various fields “Firstly, all my siblings are boys, and at the beginning, they were all against me working here, and my mother was against...

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(AFP (eng) 03/21/17)
Egypt on Monday received the second tranche of a $3-billion World Bank loan in support of the government's economic and social agenda, International Cooperation Minister Sahar Nasr said. In a statement on the ministry's Facebook page, Nasr said the second tranche would contribute to "encouraging private sector investment and supporting growth projects that promote employment". Cairo received the first tranche of the loan in September 2016. The minister said the financing was part of a loan of eight billion dollars, "six billion to the government and two billion to support the private sector" for the period 2015-2019. Since the 2011 revolt that drove president Hosni Mubarak from power, Egypt has faced a serious foreign exchange...
(Reuters (Eng) 03/21/17)
The World Bank has disbursed another $1 billion in financial assistance to Egypt out of its $3 billion loan program with the country, the bank said in a statement on Monday. Egypt has been negotiating billions of dollars in aid from various lenders to help revive an economy hit by political upheaval since a 2011 revolt and to ease a dollar shortage that has crippled imports and hampered its recovery. "The government has taken important steps in implementing key policy and institutional reforms that are laying down the foundations for accelerated job creation and inclusive growth," said Dr. Asad Alam, World Bank Country Director for Egypt, Yemen and Djibouti in the statement. The World Bank issued the first $1 billion...
(Reuters (Eng) 03/21/17)
A trading unit of top Russian oil producer Rosneft has signed a deal to supply 10 liquefied natural gas (LNG) cargoes to the Egyptian Natural Gas Holding Company this year. The first delivery by Rosneft Trading SA (RTSA) is expected in May, Rosneft said. "This agreement will help to further strengthen the strategic partnership between Rosneft and Egypt in an important area of energy security," the company said. RTSA delivered three LNG cargoes to Egypt in 2016. Once an energy...
(Reuters (Eng) 03/20/17)
Egypt's new stamp duty on stock exchange transactions will come into effect in May and include for the first time a 0.3 percent levy for investors acquiring more than a third of a company's stocks, deputy finance minister Amr al-Munayer said. Egypt's finance minister said last month the government planned to introduce a stamp duty of 0.125 percent on buyers and sellers of stocks, rising to 0.150 percent in the second year and 0.175 percent in the third. But Munayer...
(Agence Ecofin 03/20/17)
At the Africa CEO Forum which opened this morning in Geneva, AFD Group – in partnership with the European Union – unveiled the “African Renewable Energy Scale-Up facility”, designed to boost private sector investment in on–grid and off-grid renewable energy production in Africa. In order to meet Africa’s constantly increasing energy requirements, support must be provided for mass development of the renewable energy technologies – especially solar energy – that will play such a key role over the coming years,...
(Voice of America 03/18/17)
Each year, the University of Southern California hosts the African Global Economic and Development Summit, bringing delegations from Africa to meet with business leaders, government officials and others in the U.S. But this year, the African summit has no Africans. All were denied visas. Visa issues are not uncommon for people traveling from African nations. During her prior three summits, Mary Flowers saw a high percentage of her attendees unable to attain visas. "Usually we get 40 percent that get...
(Financial Times 03/17/17)
Crucial deliveries to resume in sign frosty relations are thawing. Saudi Arabia is to resume crucial oil exports to Egypt in a sign that relations between the two regional heavyweights are thawing, six months after the kingdom abruptly halted the shipments. The Egyptian Petroleum Ministry said it expected deliveries of oil products to restart by the end of this month or early April, adding that it was working with Saudi Aramco, the kingdom’s state oil company, on a timetable. Saudi...
(AFP (eng) 03/16/17)
Saudi giant Aramco is to resume deliveries of oil products to Egypt that have been suspended since last October, the Egyptian petroleum ministry said, amid differences over the Syrian conflict. "It was agreed that the Saudi side will resume shipping Aramco's petroleum products in accordance with the commercial contract between the (Egyptian General) Petroleum Corporation and Aramco," the ministry said late on Wednesday. "Currently the timeline for receiving the shipments is being discussed," it added. During a visit to Cairo by King Salman in April last year, Saudi Arabia agreed to finance
(The Wall Street Journal 03/15/17)
Ndalo Media founder Khanyi Dhlomo and Mara Group founder Ashish Thakkar on where the potential is and what’s blocking it How is innovation in Africa different from innovation in Silicon Valley? And how can innovation in Africa be encouraged? Dan Keeler, frontier-markets editor of The Wall Street Journal, discussed those questions with Khanyi Dhlomo, founder and chief executive of Ndalo Media, a publisher based in South Africa, and Ashish Thakkar, founder of Mara Group, a pan-African investment group with operations...
(Reuters (Eng) 03/13/17)
The United Arab Emirates, one of the Middle East's largest economies, wants to expand trade ties with faster growing nations in Asia and Africa, a senior official said on Sunday. Rich Gulf Arab states are looking at ways to diversify their economies, including who they trade with, after more than two years of depressed oil prices forced a rethink of government spending. The pace of economic growth in Asian and sub-Saharan African economies has made them ideal partners, Abdullah al-Saleh,...
(Bloomberg 03/09/17)
Egypt’s inflation accelerated to 30 percent in February, one of the highest levels across emerging markets, but the data carried signs that the aftershocks of the decision to abandon currency controls may be fading. Consumer prices in urban parts of the most populous Arab country climbed to an annual rate of 30.2 percent from 28.1 percent in January, according to data released by the state-run statistics agency on Thursday. The cost of food and beverages rose 40.5 percent. The pace...
(Bloomberg 03/09/17)
Egypt’s government on Wednesday partly reversed an earlier move to lower bread subsidies, trying to avert further protests in a country reeling from rising prices. The Supply Ministry said it would raise, but not fully restore, the amount of bread that can be bought under the so-called “gold card” scheme that’s used by a small minority of Egyptians who don’t hold a plastic smart card for purchasing cheap loaves. A day earlier, ministry chief Ali Al-Moselhi had defended cuts to...
(Reuters (Eng) 03/06/17)
The Egyptian pound weakened further on Monday as dollar demand from importers rose ahead of the Muslim holy month of Ramadan, when food consumption usually increases. Ramadan, Islam's holy month during which believers abstain from eating and drinking during daylight hours, is set to start in May this year and often sees Egyptian families stock up on various food items and other goods. Banks were selling the U.S. dollar for between 16.9-16.85 pounds, weaker than the 16.1-16.2 per dollar rates...
(Egyptian Streets 03/06/17)
Egypt’s intelligence apparatus has hired two Public Relations firms in Washington in order to boost its image in the US, the Associated Press revealed. This is the first deal for the security apparatus to be made public. The agreements were signed in January 2017 to help Egypt promote its partnership with the United States (U.S.). Egypt will pay about $US 1.8 million annually for Weber Shandwick and Cassidy & Associates Inc to shed light on its economic development and its...
(Bloomberg 03/06/17)
Economic activity for Egypt’s non-oil private sector accelerated the most since 2014, a sign that growth may be recovering after authorities abandoned currency controls and secured a $12 billion IMF loan deal. The Emirates NBD Purchasing Managers’ Index for the whole economy climbed for the third month in a row to 46.7 in February from 43.3 in January. The New Orders sub-index rose to 44 from 39.2. While readings below 50 indicate the economy is still in contraction, the magnitude...
(The Independent 03/06/17)
Th term was coined by sceptical officials, worried about the importance given to Commonwealth trade deals ahead of Brexit negotiations. Plans by government ministers to boost trade links with African Commonwealth countries are being internally branded “empire 2.0” by sceptical officials who are worried about the importance being placed on such deals ahead of the UK’s negotiations of leaving the European Union (EU). International Trade Secretary Liam Fox is expected to promise to build better links with the whole of...
(Ahram Online 03/03/17)
Investment minister Nasr said half the money would go to the government’s reform programme, and half to sectors including SMEs and micro-enterprises. Germany plans to provide Egypt with $500 million in support of the country's economic reform programme and local micro, small, and medium sized enterprises, the country’s Minister of International Cooperation and Investment Sahar Nasr announced on Friday. “We have reached agreement with Germany on the offer of $250 million in support of the government’s economic programme, and another...
(Reuters (Eng) 03/03/17)
Germany has offered Egypt $500 million to support its economic program and medium-sized and small businesses, the Egyptian ministry of investment and international cooperation said on Friday. "It was agreed with the German side (that they would) provide $250 million to support the economic program ... as well as $250 million to support several other sectors, including micro-enterprises and small and medium-sized enterprises, " it said in a statement. The support will come in the form of grants and concessional...
(Bloomberg 03/03/17)
Polar Star Management Ltd., which runs one of the best-performing African and Middle East hedge fund over the past five years, plans to start a private-equity unit that will invest in agriculture to exploit rising demand for food. The Cape Town-based firm plans to use its own money to buy small farms and processing companies in South Africa this year, then increase efficiency through consolidation and better management, said Murray Derksen, a director at Polar Star. It aims to raise...
(Egypt Independent 03/02/17)
Borg al-Arab airport authorities arrested a Russian passenger on Thursday who had an improvised explosive device (IED) in their possession and was intending to board a Turkish Airlines flight to Istanbul, a security source at the airport in Alexandria said. Airport authorities were suspicious of a strange item in the passenger's luggage, seen via x-ray, the source added in a statement to Al-Masry Al-Youm. A bomb squad was summoned to inspect the item which was discovered to be an IED,...

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(AFP (eng) 03/16/17)
Africa will host a Commonwealth Games one day despite the blow of Durban being stripped of hosting the 2022 edition, David Grevemberg, the chief executive of The Commonwealth Games Federation (CGF), told AFP. Durban lost the right to host the Games on Monday -- just 18 months after being awarded them -- when it failed to meet criteria laid down by the CGF, primarily over costs. "I wouldn't want to make a judgement call," Grevemberg told AFP on the sidelines of a briefing by 2018 Games hosts Gold Coast on Wednesday. "Durban has hosted some great events, it is a fantastic city and are wonderful warm hosts with bright ambitions and great aspirations. "However, it...
(AFP (eng) 02/20/17)
An Egyptian court upheld Monday death sentences against 10 people convicted over rioting that claimed 74 lives at a stadium in Port Said in 2012, judicial and security officials said. The ruling by the Court of Cassation, which is final, excluded an 11th defendant who remains at large after his death penalty was also confirmed in June 2015 by another court. The court also upheld sentences of life imprisonment for 10 people and five years for 12 others, including Port Said's security chief at the time, said the officials who requested anonymity as they are unauthorised to speak to the media. Monday's ruling was welcomed by relatives of those who died in the rioting, who celebrated outside the court in...
(Xinhuanet 02/13/17)
Nigeria and Egypt will lead 14 other African countries to this year's International Table Tennis Federation (ITTF) World Championships holding in Dusseldorf, Germany. The qualification of the participating teams was based on their attendance of continental tournament held in Agadir, Morocco in 2016, while other African countries that will join Nigeria and Egypt for the tournament are Algeria, Botswana, Cameroon, Congo Brazzaville, Cote d'Ivoire, Gabon, Libya, Morocco, South Africa, Senegal, Sierra Leone, Sudan, Togo and Tunisia. According to the list...
(AFP (eng) 02/10/17)
Up to 18 players at the just-completed Africa Cup of Nations could be involved in the new-look CAF Champions League when it kicks off this weekend. Among them is Georges Bokwe, one of two unused goalkeepers in the Cameroon squad that defeated Egypt in the final last Sunday in Gabon. Bokwe was kept out of the starting line-up by the consistent brilliance of Spain-based Fabrice Ondoa, who was included in the team of the tournament. But Bokwe is the first...
(BBC News Africa 02/07/17)
Egypt coach Hector Cuper has been assured he has the full support of the Egyptian Football Association after losing the Africa Cup of Nations final. The Pharaohs were beaten 2-1 by Cameroon on Sunday. "He will stay as head coach, we like what he is doing with the team," said EFA president Hany Abo Rida. "We are in a good place in World Cup qualification and we dream we can reach the tournament in Russia in 2018. We all support...
(AFP (eng) 02/06/17)
Vincent Aboubakar came off the bench to score a stunning winner with two minutes left as Cameroon fought back from behind to beat Egypt 2-1 in a thrilling Africa Cup of Nations final on Sunday. Arsenal midfielder Mohamed Elneny had given Egypt the lead midway through the first half and Egypt looked to be on course to win an unrivalled eighth Cup of Nations crown in their first appearance at the tournament since 2010. But Nicolas Nkoulou, who had come off the bench in the first half, headed in the equaliser just before the hour mark and fellow substitute Aboubakar slammed in the winner in the 88th minute.
(AFP (eng) 02/04/17)
Cameroon and Egypt are both aiming to cap remarkable revivals by winning the Africa Cup of Nations when they meet in a final that few thought possible in Libreville on Sunday evening. These are two of the most successful nations in the 60-year history of the competition, with Egypt unrivalled on seven titles and Cameroon, four-time winners, just behind alongside Ghana. But at the outset of the tournament in Gabon it was the likes of Algeria, Senegal and defending champions...
(AFP (eng) 02/04/17)
When Essam El Hadary, the Egypt goalkeeper who will start in Sunday's Africa Cup of Nations final, made his international debut, his current teammate Ramadan Sobhi had not yet been born. First capped in 1996, El Hadary was the man whose saves in a penalty shoot-out against Burkina Faso on Wednesday took the Pharaohs through to a date with Cameroon in Libreville. The combined age of the two Burkinabe players he thwarted -- Bertrand Traore and goalkeeper Herve Koffi are...
(BBC News Africa 02/03/17)
Egypt goalkeeper Essam El Hadary foresaw that he would save the penalties that took his side through to the Africa Cup of Nations final. The 44-year-old kept out Burkina Faso's last two spot-kicks to win the shootout for Egypt in Wednesday's semi-final. "I had a feeling that I was going to save the final two penalties," he said. "When we went to the shootout, our 2006 title win crossed my mind," he added, recalling his penalty shootout save from Didier...
(AFP (eng) 01/31/17)
Weariness will worry Egypt as they seek to extend an Africa Cup of Nations semi-finals winning streak to six matches by beating Burkina Faso in Libreville Wednesday. Surprise survivors Burkina Faso overcame Tunisia in the first quarter-final last Saturday evening, more than 24 hours before Egypt edged Morocco in the last. Many pundits believe this could give the west Africans an advantage at Stade de l'Amitie in the Gabonese capital, especially if the match went to extra time. Argentina-born Egypt...
(AFP (eng) 01/30/17)
Mahmoud Kahraba's late goal allowed Egypt to beat Herve Renard's Morocco in the Africa Cup of Nations quarter-finals on Sunday as they joined Ghana in completing the line-up for the last four. Kahraba came off the bench in the second half in Port-Gentil and stabbed home from inside the six-yard box in the 88th minute, just as extra time looked inevitable. The dramatic finish came after the Ayew brothers, Jordan and Andre, both scored to give Ghana a 2-1 win...
(AFP (eng) 01/28/17)
Sunday's Africa Cup of Nations quarter-final between Egypt and Morocco is set to be a classic battle of managerial minds, bringing together a two-time winner of the trophy in Herve Renard and wily Hector Cuper. While Frenchman Renard has become a fixture on the African scene, and a successful one at that, the 61-year-old Argentine Cuper is sampling a major international tournament for the first time. Appointed in 2015, Cuper was charged with the daunting task of making the record...
(AFP (eng) 01/26/17)
Mohamed Salah's thumping early free-kick gave Egypt a 1-0 win against Ghana on Wednesday as they sealed their place in the quarter-finals of the Africa Cup of Nations. The record seven-time winners of the competition came into the game in Port-Gentil only needing a draw to be certain of going through but the victory at a barely half-full stadium allowed them to leapfrog already-qualified Ghana and finish on top of Group D. Hector Cuper's solid side, who have not conceded...
(AFP (eng) 01/24/17)
Seven-time champions Egypt face Ghana in Port-Gentil on Wednesday looking for the result that will see them join their opponents in qualifying for the Africa Cup of Nations quarter-finals. The Pharaohs need only draw the game, which kicks off at 8pm (1900 GMT), in the Gabonese port city to be certain of progressing to the last eight, although if Mali fail to beat Uganda they will be through anyway. Meanwhile, a win for Hector Cuper's side would allow them to...
(AFP (eng) 01/24/17)
Ahmed Elmohamady knows what it takes to win the Africa Cup of Nations and the Hull City man is quietly confident that Egypt can go all the way again on their long-awaited return to the tournament. Elmohamady is only 29 but the flying wing-back is a comparative veteran in a young Egypt squad taken to Gabon by the wily Hector Cuper. He is also one of only four survivors from the side that won a third consecutive Cup of Nations...
(AFP (eng) 01/20/17)
Ghana can secure a place in the quarter-finals of the Africa Cup of Nations with a group game to spare if they beat Mali in Group D in Port-Gentil on Saturday. Avram Grant's side, beaten on penalties by the Ivory Coast in the 2015 final, set themselves up nicely in this year's tournament by edging out Uganda 1-0 courtesy of an Andre Ayew spot-kick in their opening match on Tuesday. It was not a vintage performance from the Black Stars...
(AFP (eng) 01/18/17)
Essam El Hadary became the oldest player ever to appear at the Africa Cup of Nations as Egypt drew 0-0 with Mali on their return to the tournament on Tuesday. Goalkeeper El Hadary, 44, came off the bench in the first half to replace the injured Ahmed El Shennawy and beat the old mark set by compatriot Hossam Hassan, who was 39 when he played at the 2006 Cup of Nations. Otherwise, the Pharaohs' return to the tournament after a seven-year absence proved to be something of an anti-climax with neither side creating many chances on a terrible playing surface.
(AFP (eng) 01/18/17)
Egypt goalkeeper Essam El Hadary smashed the record for the oldest player ever to appear at the Africa Cup of Nations when he came on against Mali on Tuesday. El Hadary, the Egypt captain who turned 44 on Sunday, was not named in the Pharaohs' starting line-up for their Group D opener against Mali. However, he was introduced as a 25th-minute substitute after Ahmed El Shennawy was forced off injured. El Hadary -- a four-time winner of the tournament --...
(AFP (eng) 01/11/17)
Egypt return to the African Cup of Nations after a seven-year absence with a new generation looking to rekindle the glory days of three consecutive titles before the 2011 uprising exhausted Egyptian football. Watching football has for decades been a favourite past-time for millions of Egyptians, especially with the national team who won the title in 2006, 2008, and 2010, making them one of the strongest teams in Africa and the Middle East. But after 2011 this passion was rolled...
(AFP (eng) 01/09/17)
Gabon witnessed one of the most sensational finishes to an Africa Cup of Nations tournament when no-hopers Zambia stunned the Ivory Coast to win the 2012 final. Zambia failed to qualify this time, but the Ivorians will be among the favourites again when the competition returns to the central African state with the first fixtures scheduled for Saturday. AFP Sport rates the chances of the 16 challengers for the $4 million (3.8 million euros) first prize (last three competitive results...

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(Xinhuanet 03/16/17)
The Egyptian authorities moved on early Thursday morning the recently unearthed three-milennia-old statue believed to be of ancient King Ramses II to the Egyptian Museum in downtown Cairo, official MENA news agency reported. The report said that the 8.5-ton colossus was moved by the armed forces in cooperation with the ministry of antiquities to be initially reassembled and restored at the Cairo museum before being transferred to its final destination at the Grand Egyptian Museum near the Great Pyramids of Giza that is scheduled to be soft opened in 2018. The statue was discovered by an Egyptian-German archaeological mission at the Cairo district of Matariya. The first part, weighing about three tons and including large...
(Reuters (Eng) 03/10/17)
Archaeologists have found an eight-metre statue submerged in ground water in a Cairo slum that they say probably depicts revered Pharaoh Ramses II, who ruled Egypt more than 3,000 years ago. The discovery, hailed by the Antiquities Ministry as one of the most important ever, was made near the ruins of Ramses II's temple in the ancient city of Heliopolis, located in the eastern part of modern-day Cairo. "Last Tuesday they called me to announce the big discovery of a colossus of a king, most probably Ramses II, made out of quartzite," Antiquities Minister Khaled al-Anani said on Thursday at the site of the statue's unveiling. The most powerful and celebrated ruler of ancient Egypt, the pharaoh also known as...
(AFP (eng) 03/02/17)
A film raging against colonialism and the exploitation of Africa wowed viewers at the continent's top cinema festival Wednesday, winning shouts of approval at a screening packed to bursting point. "The African Storm" tells the story of an African president who nationalises businesses run by racist, cynical Western executives. Directed and produced by its Beninese star Sylvestre Amoussou, it tackles several hot-button issues including an exit from the CFA franc currency, closer ties with Russia and China as opposed to...
(AFP (eng) 02/27/17)
An African road movie about four women wowed its audience Sunday as it kicked off the Panafrican cinema and television festival (Fespaco), a showcase for the continent's burgeoning film industry. "Borders" ("Frontieres") directed by Apolline Traore, a Fespaco laureate in 2013, sweeps across Africa as its protagonists journey through Senegal, Mali, Burkina Faso and Benin on their way to Nigeria. Along the way the women -- Ivorian, Senegalese, Burkinabe and Nigerian actresses -- are spared nothing as they are beset...
(The Independent 02/14/17)
Hundreds of burial chambers in the north Sudanese desert reveal a hidden history. Sudan has more than twice the number of pyramids you’ll find in Egypt. I know – I couldn’t believe it either. Which is why I had to see for myself. Sure, mention Sudan and most travellers will admit to dismissing it as a war-torn stretch of bland desert – plagued by the genocide and refugee crisis in Darfur, and the ongoing civil war in the new Republic...
(The Telegraph 01/20/17)
Egypt's Museum of Islamic Art will reopen today three years after it was badly damaged by a car bomb that blew up outside a nearby police headquarters. The museum, which is home to one of the world’s most important collections of Muslim art, has been closed since January 2014 when the explosion ripped into the building. The blast damaged 179 artifacts but the museum said its experts had been able to repair all but ten of them. The restored objects...
(AL Jazeera 12/29/16)
Creation of council with authority to strip broadcasting rights comes amid rising concerns over press freedom. Egypt's president, Abdel Fattah el-Sisi, has ratified a new media law that critics say is a blow to pluralism and press freedom in the country. The new law, approved by parliament and signed into law by Sisi on Monday, will see the creation of a Supreme Council for the Administration of the Media, a body that can revoke licences to foreign media and fine or suspend publications and broadcasters. The council, whose chairman will be picked by Sisi, will create a list of penalties and sue media organisations that violate its regulations
(International Business Times 12/22/16)
A joint University of Birmingham-Egypt Exploration Society Research Project has revealed a hidden wall below a visitors' pathway. Archaeologists working in the elite cemetery of Qubbet el-Hawa, near the Egyptian city of Aswan, have uncovered the remains of an ancient wall hidden beneath a sandy footpath. The first analyses of its structure provide compelling evidence that new graves may soon be discovered in its vicinity. Qubbet el-Hawa cemetery is a valuable archaeological site, because it contains impressive rock cut tombs...
(CNN 12/06/16)
In 1896, several exclusive venues in Alexandria and Cairo hosted some of the earliest known screenings of the world's first movies, directed by the Lumiere Brothers. Egypt went on to establish a dominant position as the capital of the Arab film world. The "Hollywood on the Nile" enjoyed a sustained Golden Age in the mid-20th century, powered by the mighty Studio Misr and international stars such as Omar Sharif and Faten Hamama. But the glory days could not last, and...
(AFP (eng) 11/24/16)
Archaeologists have uncovered an ancient Egyptian city and graveyard dating back to around 5300 BC, the antiquities ministry said on Wednesday. The city and cemetery -- likely home to senior functionaries and grave builders -- was discovered about 400 metres (1300 feet) from the Temple of Seti I in the ancient city of Abydos in southern Egypt, said antiquities minister Mahmoud Afifi. It is believed to date back to 5316 BC. Excavators found huts, pottery and stone instruments, Afifi said...
(AFP (eng) 11/23/16)
At a club in downtown Cairo, Ahmed Saleh pumps electronic beats from his laptop as Abdullah Miniawy chants to a cheering crowd, the duo part of a wave of new talent on Egypt's underground music scene. Emerging artists are creating an eclectic selection of hip-hop, dubstep, electronic and rock music, with some influenced by traditional Egyptian sounds. The movement began in the mid-2000s as musicians bypassed record labels to reach their listeners directly via the web. It was boosted by...
(BBC News Africa 11/18/16)
A new scan of a 2,500-year-old crocodile mummy has stunned experts in the Netherlands by revealing that there are dozens of mummified baby crocs inside. The 3m-long mummy has been at the National Museum of Antiquities in Leiden since 1828 and is on display in its Egyptian galleries. In the 1990s, a scan showed that there were actually two crocodiles within the wrappings, but did not spot at least 47 individually wrapped youngsters, de Volkskrant news website reports. It took...
(AFP (eng) 11/14/16)
Spanish archaeologists have discovered a millennia-old mummy in "very good condition" near the southern Egyptian town of Luxor, the antiquities ministry said on Sunday. The find was in a tomb probably dating from between 1075-664 BC, on the west bank of the Nile river 700 kilometres (435 miles) south of Cairo, a statement said. The mummy had been bound with linen stuck together with plaster. It was in a brightly coloured wooden sarcophagus and had been buried near a temple from the era of fourth-millennium warrior king Thutmose III.
(AFP (eng) 10/21/16)
Demand for homegrown contemporary music is sweeping Africa and driving a creative boom in an industry otherwise battered by falling CD sales and rampant piracy. A recent study of the entertainment sector by PricewaterhouseCoopers (PwC) accountants showed rapid earnings growth in many African countries, fuelled largely by live performances by local artists. "Consumers are increasingly wanting local content," Vicki Myburgh, a PwC director who conducted the study released last month, told AFP. "The Nigerian music market... will (soon) grow at...
(AFP (eng) 10/11/16)
Raised on the backstabbing intrigue of 1980s American soaps "Dallas" and "Dynasty", and later, the heady drama of South American telenovelas, Africans are enjoying a surge in local TV content they can finally identify with. It took a while, but in the past decade local programming has soared in sub-Saharan Africa's key economies, a rise driven by both foreign satellite networks and television stations on the continent. This growth has delivered up local shows such as Kenya's comedic "Real Househelps...
(AFP (eng) 09/23/16)
A century after the project was conceived in the throes of racial segregation, and a few months before the first black US president leaves office, the African American Museum in Washington opens Saturday. Here are key facts about the first national museum devoted entirely to showcasing African Americans' life, history and culture. - 1915: A project 101 years old The effort to open, in the US capital, a museum dedicated to the history of the black community "began more than...
(Egyptian Streets 09/16/16)
Egypt fell among the countries with the lowest rates of expenditure on research and development relative to its gross domestic product (GDP) worldwide, standing at 0.7 percent, according to the UNESCO Science Report. Although Egypt’s gross expenditure on research and development (GERD) as a percentage of its GDP increased between 2009 and 2013, this ratio still remains low in comparison to worldwide trends. Furthermore, many universities in Egypt and the Arab region do not have research requirements in place. “Many...
(AFP (eng) 09/14/16)
Egypt will build a memorial for Mexican tourists mistakenly killed in a military strike last year while a travel association will compensate their families and survivors, Mexico's government said Tuesday. Eight tourists and four Egyptians were killed by security forces on September 13, 2015 when they came under fire during a lunch break in Egypt's vast Western Desert while on their way to the Bahariya oasis. Survivors have told Mexican diplomats that they came under fire from a plane and...
(The East African 09/10/16)
The Pan African Federation of Filmmakers (FEPACI) is seeking to raise $200 million from partners over the next two years to fund the continent's audiovisual and cinema sector. The funds will be used to establish centres of excellence in the five regions - East Africa, North Africa, Central Africa, Southern Africa, and West Africa -- and the locations will be decided by the African Council of Ministers of Culture. The money will be used to improve the quality and quantity...

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(AL Jazeera 03/20/17)
Detention of Al Jazeera journalist renewed for fifth time, as recent video footage shows him visibly exhausted. Egyptian authorities have renewed the detention of Al Jazeera journalist Mahmoud Hussein for the fifth time, announcing on Saturday that he will be held for another 45 days. Hussein, an Egyptian who lives in Qatar, was stopped, questioned and arrested by the Egyptian authorities on December 20 after travelling to Cairo for a holiday. Recent video footage of Hussein outside an Egyptian court shows that he has lost weight and looks exhausted due to harsh conditions in detention. Hussein's daughter Zahra said earlier this month that the harsh detention conditions have left her father suffering from shortness of...
(Voice of America 03/18/17)
Each year, the University of Southern California hosts the African Global Economic and Development Summit, bringing delegations from Africa to meet with business leaders, government officials and others in the U.S. But this year, the African summit has no Africans. All were denied visas. Visa issues are not uncommon for people traveling from African nations. During her prior three summits, Mary Flowers saw a high percentage of her attendees unable to attain visas. "Usually we get 40 percent that get rejected but the others come," said Flowers, chair of the African Global Economic and Development Summit. "This year it was 100 percent. Every delegation. And it was sad to see, because these people were so disheartened." Flowers estimated that she...
(Financial Times 03/17/17)
Crucial deliveries to resume in sign frosty relations are thawing. Saudi Arabia is to resume crucial oil exports to Egypt in a sign that relations between the two regional heavyweights are thawing, six months after the kingdom abruptly halted the shipments. The Egyptian Petroleum Ministry said it expected deliveries of oil products to restart by the end of this month or early April, adding that it was working with Saudi Aramco, the kingdom’s state oil company, on a timetable. Saudi...
(Voice of America 03/17/17)
One of the enduring legacies of the Barack Obama presidency will be the relationship built between the United States and young Africans. As part of Obama’s Young African Leaders Initiative (YALI), each year 1,000 young people from sub-Saharan Africa travel to the United States to spend six weeks at a U.S. college or university. The program will continue this summer. But building enduring relationships is a two-way street, and many in Africa want to see Americans coming to their continent...
(Gulfnews 03/15/17)
Since the 2011 revolution, advocates have made slow — but steady — progress in raising awareness of violence against women and the pervasive culture of misogyny. Tackling the country’s sexual harassment epidemic was never a priority for the crowds that gathered, in 2011, in Cairo’s Tahrir Square. And yet unlike the largely unmet reforms they did demand, the fight against sexual violence is one area in which Egypt really has made strides in recent years. It’s been a collateral benefit,...
(The Wall Street Journal 03/15/17)
Ndalo Media founder Khanyi Dhlomo and Mara Group founder Ashish Thakkar on where the potential is and what’s blocking it How is innovation in Africa different from innovation in Silicon Valley? And how can innovation in Africa be encouraged? Dan Keeler, frontier-markets editor of The Wall Street Journal, discussed those questions with Khanyi Dhlomo, founder and chief executive of Ndalo Media, a publisher based in South Africa, and Ashish Thakkar, founder of Mara Group, a pan-African investment group with operations...
(AL Jazeera 03/13/17)
Public prosecutor orders release of former president as early as tomorrow following court acquittal. Hosni Mubarak, who was overthrown as president of Egypt in an uprising in 2011, will be released from detention in a military hospital after a six-year legal battle over accusations of involvement in the killing protesters. "He will go to his home in Heliopolis," Mubarak's lawyer Farid El Deeb said, adding the ageing former president would likely be released Tuesday or soon after, but would be barred from leaving the country pending an ongoing corruption investigation.
(The Associated Press 03/10/17)
Islamic militants detonated a roadside bomb in Egypt’s northern Sinai, killing two officers and wounding four in the latest attack in the restive peninsula, the Interior Ministry and security officials said Friday. The explosion took place when a security patrol came upon a militant planting the device by a road in the town of el-Arish on Thursday evening. Security forces fired and killed the militant while his accomplices fled, setting off the device, according to the statement. The two slain...
(Bloomberg 03/09/17)
Egypt’s inflation accelerated to 30 percent in February, one of the highest levels across emerging markets, but the data carried signs that the aftershocks of the decision to abandon currency controls may be fading. Consumer prices in urban parts of the most populous Arab country climbed to an annual rate of 30.2 percent from 28.1 percent in January, according to data released by the state-run statistics agency on Thursday. The cost of food and beverages rose 40.5 percent. The pace...
(Bloomberg 03/09/17)
Egypt’s government on Wednesday partly reversed an earlier move to lower bread subsidies, trying to avert further protests in a country reeling from rising prices. The Supply Ministry said it would raise, but not fully restore, the amount of bread that can be bought under the so-called “gold card” scheme that’s used by a small minority of Egyptians who don’t hold a plastic smart card for purchasing cheap loaves. A day earlier, ministry chief Ali Al-Moselhi had defended cuts to...
(Middle East Monitor 03/09/17)
Former Egyptian President Mohamed Morsi’s son Osama is being abused in the notorious Scorpion prison, statement released by his family said yesterday. A security source dismissed the family’s accusations as “false”. The family attributed Osama’s arrest on 8 December to a statement he had published a few days earlier outlining the limitation on family visits to see his father. He had called on the United Nations and other international organisations to intervene to allow the family to see the deposed...
(Middle East Monitor 03/09/17)
In a statement to commemorate International Women’s Day, head of the Egyptian Revolutionary Council (ERC), Dr Maha Azzam, said Egyptian women have been at the forefront of the Egyptian revolution, despite the threat of arbitrary arrest, torture, rape and disappearance. Azzam added: “Let us remember that women stood in their thousands in Egypt’s squares to resist tyranny and were harassed and shot dead. They stood in Tahrir in 2011 and they stood in Rabaa in 2013, a peaceful sit-in against...
(CNN 03/09/17)
These were the last words 45-year-old Medhat Saad Hakim heard before he was shot in the head on his doorstep last month. The gunmen dragged Hakim's screaming mother outside the house before going back inside and shooting his father dead. The attackers then looted the house before torching it. His mother, Nabila Halim, survived the attack. Medhat Saad and Saad Hakim are the sixth and seventh Christians killed in the North Sinai town of Al-Arish in just over a month...
(Bloomberg 03/06/17)
Economic activity for Egypt’s non-oil private sector accelerated the most since 2014, a sign that growth may be recovering after authorities abandoned currency controls and secured a $12 billion IMF loan deal. The Emirates NBD Purchasing Managers’ Index for the whole economy climbed for the third month in a row to 46.7 in February from 43.3 in January. The New Orders sub-index rose to 44 from 39.2. While readings below 50 indicate the economy is still in contraction, the magnitude...
(AL Jazeera 03/06/17)
University campuses remain a site of opposition to the new authoritarianism and its policies. In the wake of the 2013 military coup, students affiliated with - and sympathetic to - the Muslim Brotherhood demonstrated in public universities to demand the return of the deposed President Mohamed Morsi. Their demonstrations turned universities into a new battleground between security forces and students as Egypt's new rulers moved to crackdown on student activism. The clampdown has been harsh. Egypt's ruling generals have used...
(BBC News Africa 03/06/17)
An Egyptian company's attempt to tackle gender stereotypes has backfired after its latest advertising campaign was accused of reinforcing negative attitudes towards women. "Are you a spinster?!" reads one billboard promoting Sunny cooking oil, alongside a picture of a young woman looking down in resignation while several fingers point at her from the back. Other billboards in the campaign use Egyptian proverbs, including one that says: "Break a girl's rib and she will grow 24 more." In a much smaller...
(The Independent 03/06/17)
Th term was coined by sceptical officials, worried about the importance given to Commonwealth trade deals ahead of Brexit negotiations. Plans by government ministers to boost trade links with African Commonwealth countries are being internally branded “empire 2.0” by sceptical officials who are worried about the importance being placed on such deals ahead of the UK’s negotiations of leaving the European Union (EU). International Trade Secretary Liam Fox is expected to promise to build better links with the whole of...
(Euronews 03/03/17)
Angela Merkel has sought to help Egypt in tackling migration to Europe as the German Chancellor visited the country ahead of a trip to Tunisia. After meeting President al-Sisi, she said she had discussed assistance and equipment to clamp down on human traffickers and prevent a new route from opening up. They also talked of helping Egypt deal with the region’s refugee crisis. “We have reached concrete agreements on border control, Egypt has made suggestions on technical support. Further talks...
(Washington Post 03/03/17)
Former President Hosni Mubarak’s acquittal in the killing of protesters during the 2011 Arab Spring revolts surprised few Egyptians and highlighted how the goals of the revolution remain a distant dream. The ruling on Thursday by Egypt’s top appeals court means that the ailing former leader could be released from house arrest in a military hospital, where he has spent much of his time since his arrest in 2011. For Egyptians who took to the streets six years ago to...
(Bloomberg 03/03/17)
Polar Star Management Ltd., which runs one of the best-performing African and Middle East hedge fund over the past five years, plans to start a private-equity unit that will invest in agriculture to exploit rising demand for food. The Cape Town-based firm plans to use its own money to buy small farms and processing companies in South Africa this year, then increase efficiency through consolidation and better management, said Murray Derksen, a director at Polar Star. It aims to raise...

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