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Prime Minister Mostafa Madbouly denied rumors about the sale of Banque du Caire for $1 billion and mentioned that an advisor is assessing the bank’s value to inform future decisions …
Prime Minister Madbouly Denies Sale Rumors of Banque du Caire Read More
The Central Bank of Egypt reports that banks achieved net profits of EGP 426.911 billion in the first nine months of 2024. The top ten banks accounted for 79.73% of …
Egyptian Banks Report EGP 426.911 Billion in Net Profits for 2024 Read More
Cobre Limited has entered an Earn-In Agreement with BHP Group, where BHP will invest up to US$25 million for exploration at Kitlanya Projects in Botswana. This partnership aims for BHP …
BHP Commits A$40 Million for Copper-Silver Exploration in Botswana Read More
Egypt’s core inflation declined to 10% in February 2025, down from 22.6% in January. Monthly core inflation was recorded at 1.6%. Urban inflation followed a similar downward trend, reaching 12.8%. …
Egypt’s Core Inflation Declines to 10% in February 2025 Amid Stabilization Trends Read More
Governor Hassan Abdalla led Egypt’s delegation at the G20 Finance Ministers and Central Bank Governors’ meeting in South Africa focusing on economic cooperation, sustainable finance, and tax reforms. The discussions …
Egypt’s Participation at the G20 Finance Ministers and Central Bank Governors’ Meeting in South Africa Read More
Hassan Abdalla, the Governor of the Central Bank of Egypt, led Egypt’s delegation at the first G20 Finance Ministers and Central Bank Governors meeting in South Africa, focusing on economic …
Egypt’s Participation in G20 Finance Ministers Meeting Led by CBE Governor Read More
All banks in Egypt will offer free account openings with no minimum balance starting March 8, 2025, as part of a financial inclusion initiative by the Central Bank of Egypt. …
Egypt Launches Free Account Openings to Enhance Financial Inclusion Read More
The Tanzanian shilling, having gained in value against the US dollar in December 2024, is now depreciating due to increased demand for dollars driven by heightened imports and reduced exports. …
Analysis of the Decline of the Tanzanian Shilling Against the US Dollar Read More
The Tanzanian shilling, which had previously gained against the US dollar, is now experiencing a decline due to increased import demand and disruptions in agriculture and tourism. The Bank of …
Understanding the Recent Depreciation of the Tanzanian Shilling Against the Dollar Read More
The Central Bank of Egypt reported that net foreign assets in the banking sector reached $5.95 billion in November 2024, down from $9.2 billion in October. Total foreign assets and …
Egypt’s Banking Sector Achieves $5.95bn Net Foreign Asset Surplus in November 2024 Read More