Egypt
Egypt banks reap sovereign carry gains as private-sector lending share falls
Egypt’s banks benefit from high domestic interest rates, heavy exposure to government debt, with securities and T-bills accounting for about 32% of sector assets at end-March.
Africa Credit Rating Agency created to overcome perceived bias against continent launches October 7
The new agency is being established to complement rather than replace global ratings firms Moody’s, S&P, Fitch, all of which have been accused of bias against African sovereigns and firms.
China's Africa relationship is getting bigger and narrower at once - IIF
China's economic hold over Africa has stopped running through loans and started running through container ships.
Egypt's reserves hit a record as its central bank's exposure to the state jumps $3bn
Egypt's forex reserves have never been higher. Nor has the tension been clearer between its stronger external buffer and the central bank's rising exposure to a government the IMF wants to rely less heavily on domestic sources for financing.
The Black Sea war sends world wheat prices up
The US Department of Agriculture has cut its forecasts for Russian and Ukrainian grain exports because of the Black Sea shipping war. The prices of every rival exporter have gone up.
China’s Africa investment surge shifts the contest from capital to value
Africa’s pipeline is expanding rapidly at a time when officially measured Chinese investment across the wider BRI is declining.
Saudi Arabia's new Nato-style pact with Turkey and Pakistan is tested within 48 hours
The “Mecca Joint Defence Agreement” treats an armed attack on any of the three Sunni-majority states as an attack on all three, Turkish Foreign Minister Hakan Fidan said, and is “technically the same” as Nato's...
One war, three continents and total slippage
A drone hit on a US gas carrier at Damietta puts the Iran war on the Mediterranean shore. From the Caspian to the Gulf of Aden, one conflict now spans three continents. It is wide but not yet deep, and widening is its own escalation.
Chinese BRI investment announcements in Africa rise 254% y/y in H1 to record $33.5bn
Africa’s surge in Belt and Road Initiative (BRI) investment was driven by several unusually large renewables, green ammonia, metals-processing and manufacturing projects, particularly in Ethiopia and Egypt.
African startup funding steadies at $1.44bn as debt, climate tech and consolidation reshape market – report
African startups raised $1.44bn in H1. While deal numbers fell 42%, acquisitions, cross-border expansion and corporate partnerships increased sharply.
Qatar, Egypt and Pakistan propose 10-day truce between Iran and US
Regional mediators including Qatar, Egypt and Pakistan have proposed a ten-day truce between Iran and the US covering a ceasefire and reopening of the Strait of Hormuz, as both sides weigh the offer.
Egypt steps up privatisation drive with four new stock market listings
Twenty of the 30 companies covered by the programme have already secured temporary listings on the Egyptian Exchange (EGX)
Africa records world’s fastest growth in ultra-rich population
Africa’s ultra-high-net-worth population rose 23.7% to 3,440 in 2025, the fastest regional growth worldwide, according to an Altrata survey; combined wealth climbed to $400bn.
Afreximbank chief says fair credit ratings are key to Africa’s industrialisation
In 2025, Botswana, Morocco and Mauritius were the only African countries with investment-grade sovereign ratings; some are not rated at all and are excluded from accessing international capital markets.
Egypt inaugurates strategic command mega-complex “Octagon”
The opening comes as Egypt continues to shift key government, military and administrative functions to the New Administrative Capital.
African countries see SMRs as key to future nuclear development
Small modular reactors are increasingly being seen as the future of nuclear power in Africa, with a growing number of countries viewing the technology as a way to expand electricity access and support long-term economic development.
Nigeria's Daya raises $2.4mn to expand stablecoin payment network across Africa
Daya's oversubscribed pre-seed funding highlights investor confidence in blockchain-based financial infrastructure as African businesses increasingly adopt digital dollar settlements.
Algeria, Nigeria offer biggest opportunities in Africa for low-cost methane emissions cuts, report finds
African oil & gas producers can achieve significant methane emissions cuts using existing tech, Carbon Limits says, noting infrastructure, regulation and gas commercialisation prospects will determine the economics of abatement.
Turkey’s foreign minister meets Trump’s co-in-law 'fixer' in Cairo
Lebanese-born billionaire Massad Boulos is a man with a unique portfolio. He serves as US senior advisor for Arab and African affairs. His son is married to Tiffany Trump.
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World Bank backs Eastern Africa power grid integration with $1.6bn programme
The World Bank Group has approved a $1.6bn financing package for the RETRADE-EA, a 10-year initiative aimed at expanding cross-border electricity trade in east Africa and strengthening regional grid integration.