In a release published on May 5, 2019, the World Bank announced a $200 million financing to support SMEs in Egypt and boost job creation for women and young people.
According to the release, this financing “aims to empower Egyptian women and youth to become successful entrepreneurs. This is an investment that offers many opportunities to improve the livelihoods of Egyptians through job creation while contributing to a solid foundation for the country’s economy.”
“Egypt’s strong commitment to reform is beginning to show positive results, but more efforts are needed for the benefits to reach all segments of society,” said David Malpass, the new President of the World Bank during his two-day visit in Egypt.
“With this new financing, we are keen to support Egypt’s second wave of reforms, which has at its heart the creation of new opportunities for young people and women, along with further progress toward sustainable and inclusive growth,” he added.
The BCEAO cut its main policy rate by 25 basis points to 3.00%, effective March 16. Inflation...
Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...
EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...
MTN Zambia tests Starlink satellite service connecting phones directly from space Direct-to...
Nigeria introduced a 1% flat tax on the turnover of informal-sector businesses under a new presump...
Nigeria launched the Youth in Agribusiness Land Trust Fund (YALTF) to improve young people’s access to land and agricultural training. The program...
Discover Airlines to launch Frankfurt–Agadir, Munich–Fès routes October 2026 Services run winter season, boosting flights to three Moroccan...
Mali approved the creation of a Special Mines Brigadeto intensify the fight against illegal gold mining. Undeclared artisanal gold production may...
Zimbabwe plans $200 million telecommunications satellite to boost connectivity Government seeking investors; project announced during...
With much of Africa’s cultural heritage still held outside the continent and restitutions in Europe moving slowly, a South African video game imagines...
Paris exhibition showcases Brazilian painter Gonçalo Ivo’s Africa-inspired works Show runs March 20-July 9 at La Maison Gacha Exhibition...