Category: Economy

In 2025, Egypt announces strict regulations on the import of mobile phones to support the local industry. Devices without a “serial number” assigned by the NTRA will be subject to additional fees. The move aims to encourage domestic investment, combat smuggling, and ensure a fair market. With these measures, Egypt aims to promote economic growth and spur innovation in the country’s telecommunications sector.

Egypt secures stable wheat supply until June 2025, primarily through contracts with Russia. The Future of Egypt agency strengthens the country’s food security by replacing the General Authority for Commodity Supplies. The move aims to anticipate the next local harvest season and ensure long-term food self-sufficiency.

The stability of the exchange rate between the US dollar and the Egyptian pound is a crucial topic for economic actors. Despite global turbulence, the dollar maintains constant levels against the Egyptian pound in the country’s major banks. This consistency reflects the resilience of the Egyptian economy and offers an optimistic outlook for the country’s financial future.

The textile industry in Egypt, with Mahalla City at the forefront, is a pillar of the country’s economy. The Holding Company for Spinning and Weaving, headed by Ahmed Shaker, is showing significant progress, accounting for 45% of the national development. Massive investments of 1.1 billion euros have been allocated, including 640 million for state-of-the-art equipment. The objectives include stimulating local production, increasing competitiveness and increasing exports. The Prime Minister’s visit to the Mahalla factories underlines the importance of the project for economic growth. The modernization of the textile industry, including cotton production, is at the heart of efforts to revitalize this key sector. In short, Egypt is continuing its transformation towards a robust and competitive textile industry thanks to government initiatives and massive investments.

The coordinator of the Centre for Research in Public Finance and Local Development, Valery Madianga, expresses concerns about the lack of clarity surrounding the five-year plan 2024-2028 of the Ministry of Infrastructure and Public Works. He points out that the project, estimated at $278 million, seems to be more of an empty promise than a concrete reality, particularly due to problems related to financing and transparency. Madianga warns against the risks of illusion and the impossibility of realizing the infrastructure within the promised time frame. He stresses the importance of transparency and accountability in the management of public funds to ensure local development. He calls for clarification of the details of the project, ensuring its legitimacy and viability, and truly involving stakeholders in its implementation to build a better future for all.

The Tshopo province in the Democratic Republic of Congo aspires to become a major player on the international cocoa scene. Dominique Kasimba, founder of Dokas, aims to make “Cacao Tshopo” shine on a global scale. Despite a modest current production, the exceptional quality potential of Tshopo cocoa is attracting the interest of Swiss chocolatiers. Thanks to the Program for the Development of Degraded Savannahs and Forests (PSFD), the area cultivated with cocoa is expected to increase to reach an annual production of 1,000 tonnes within five years. This agroforestry model promoted by the PSFD, combining perennial and food crops, boosts the local economy and promotes food self-sufficiency. The creation of a “Cacao Tshopo” label would enhance the regional identity and increase competitiveness on international markets, particularly in the organic cocoa segment in high demand in Europe. With promising economic prospects and strategic positioning, Tshopo could become a key player in the cocoa sector on a global scale.

The symposium organized by Fatshimetrie and the Provincial Assembly of Haut-Katanga highlights UNILU’s cooperation to address the province’s social challenges. The event brings together international experts to discuss critical issues such as the economy, agro-pastoral, and security. The provincial governor and the president of the Provincial Assembly expressed their support for these efforts to boost the region. UNILU is praised for its essential role in the development of Haut-Katanga, particularly in areas such as water, agriculture, and health. The symposium highlights the need for sustainable solutions to environmental challenges, with UNILU at the forefront. This event underlines the importance of collaboration for the harmonious and sustainable development of the region.

The article discusses the holding of the 28th meeting of the Council of Ministers chaired by Head of State Félix Tshisekedi in Mbuji-Mayi, Kasaï-Oriental. The discussions focused on crucial topics such as security, the environment, public finances and economic recovery. Concrete measures were taken to ensure the stability and sustainable development of the country, thus demonstrating an ambitious vision for the future of the Democratic Republic of Congo.

In the context of the debate surrounding the constitutional revision in the Democratic Republic of Congo, the Church of the Children of God on Earth, led by Pastor Célestin Mufike, expresses its conditional support for this reform. The pastor insists on the need to improve the political, social and economic situation of the country, while demanding an end to parking in front of the flag during official ceremonies, considered a public humiliation and contrary to the values ​​of human dignity. This position underlines the importance of mutual respect and democratic principles in Congolese society.

In this article, we discover the importance of the fisheries sector in the Democratic Republic of Congo, as a crucial economic pillar for food security and job creation. The government has recently taken measures to strengthen the management of state-controlled fishing boats, with the aim of promoting this strategic sector. In addition, the development of road infrastructure for agriculture is highlighted as essential to facilitate the evacuation of products to markets, thus contributing to the country’s food security. These investments in the fisheries and agriculture sectors are vital to improve the purchasing power of citizens, create jobs and reduce poverty, while promoting long-term economic growth. These initiatives demonstrate the government’s commitment to strengthening key sectors of the economy and promoting inclusive and sustainable development for the Congolese population.