The investigation launched last March 31 by the Egyptian government into the Ever Given case found the ship’s captain fully guilty of the blockage of the Suez Canal between March 23 and 29.
Speaking during a press conference on May 30, El-Sayed Sheisha, Head of Suez Canal Authority’s investigation team, said the accident occurred after the crew onboard made wrong maneuvers due to “repeated commands from the skipper within a very short time.” El-Sayed Sheisha says the ship’s black box also revealed the error did not come from the Suez Canal Authority unlike what the representative of Ever Given’s owners previously claimed. Indeed, the representative said SCA authorized the ship to enter the waterway well knowing the weather conditions were not suitable.
Pending the outcomes of this investigation, the Suez Canal Authority had requested $916 million in compensation for the losses. The amount was later cut to $550 million on May 25, after the owners of Ever Given provided documents showing the true value of the cargo on board.
Let’s note that the trial to resolve the case has been postponed to 20 June 2021 by the Ismailia First Instance Economic Court. The incident cost a daily loss of nearly $14 million for Egypt.
Carine Sossoukpè (intern)
Absa Kenya hires M-PESA’s Sitoyo Lopokoiyit, signalling a shift from branch banking to a telecom-s...
Ziidi Trader enables NSE share trading via M-Pesa M-Pesa revenue rose 15.2% to 161.1 billio...
MTN Group has no official presence in the Democratic Republic of Congo, where the mobile market is d...
Deposits grow 2.7%, supporting lending recovery Average loan sizes small, credit risk persists ...
Global South Utilities (GSU) has begun building a 5 MWp hybrid solar plant with 5 MWh battery st...
Africa attracted only 10% of global mining exploration spending in 2024 despite representing 22% of the world’s landmass. Botswana explored only...
Angola created more than 1.1 million formal jobs between 2018 and 2025, according to official data. The unemployment rate stood at 28.8% in the...
MTN Congo activated the 2Africa submarine cable, adding a second international route after weeks of WACS disruptions. 2Africa provides 180...
World Bank approves $37 million after deadly cyclones 38 killed; over 260,000 affected nationwide Aid to support 40,000 households,...
While Afrobeat has evolved into what is now known as Afrobeats, there is little dispute that the movement was pioneered by Fela Kuti. A musical genius and...
Benin is guest of honor at the 2026 African Book Fair in Paris. More than 400 authors and 150 publishers from 20 countries are expected. The spotlight...