For bond investors, Africa was a happy hunting ground last year. Its local-currency and dollar securities easily outperformed those of emerging markets overall as investors piled into a continent offering high yields and starting to recover from the commodity bust of three years ago.
Etihad Airways is adding year-round flights between its Abu Dhabi hub and both Cairo and Lagos later this year, to cater for growing demand to and from the United Arab Emirates.
Africa Finance Corporation (AFC), a leading pan-African multilateral development finance institution and project developer, has announced it is to invest US$25 million in Egyptian petrochemicals company Carbon Holdings Ltd.
A delegation from Abia State of Nigeria, led by Governor Okezie Ikpeazu, yesterday in Cairo conducted a one-day visit to the Headquarters of the African Export-Import Bank, holding discussions with Bank representatives on how the continental trade finance bank could support the state’s effort at industrialization.
African Travel Spend expected to rise 24 Percent with Introduction of African Union Passport Introduction in 2018
Travellers from four countries – South Africa, Nigeria, Kenya and Egypt were surveyed, with those having flown in the past 24 months saying they would spend 24 percent more with the introduction of the passport.
According to reports published by Bloomberg, integrated energy major Royal Dutch Shell plc RDS.A expects its Forcados oil pipeline in Nigeria to restart deliveries in mid-September.
With Africa’s factoring volume expected to reach 200 billion Euros in 2020, the continent must put in place facilitating legal and regulatory infrastructure to enable it take advantage of the many opportunities associated with factoring.
Africa’s largest carrier has signed an agreement with global technology company Sabre to help develop and implement a transformation program for EgyptAir Airlines and Express.
The European Bank for Reconstruction and Development (EBRD) is supporting the expansion of international trade in Egypt by providing a US$ 50 million trade facility to Commercial International Bank under the EBRD’s Trade Facilitation Programme (TFP).
MasterCard has launched a first-of-its-kind unified fraud service in Egypt that aims to protect MasterCard cardholders, financial institutions as well as merchants against criminal activity. The launch underscores the company’s vision to build a world beyond cash where every person, every payment and every device is protected.