Egypt is embarking on a series of reforms with the Cabinet reviewing the labor bill. The bill aims to modernize the legislative framework to improve workers’ conditions. The country is also financially supporting the International Monetary Fund’s Middle East Technical Assistance Center. In addition, Egypt is participating in the geographic expansion of the European Bank for Reconstruction and Development in sub-Saharan Africa and Iraq. These measures demonstrate the country’s commitment to fostering economic development and strengthening its international cooperation.
Category: Economy
The article highlights the importance of strengthening trade relations between Egypt and Kenya for economic development in Africa. The recent meeting between the Egyptian Ambassador in Nairobi and the Kenyan Cabinet Secretary for Investments demonstrates the commitment of both countries to boost bilateral trade. Emphasis is placed on the potential for growth in trade, particularly in the tea, textile and construction sectors. Kenya is looking to attract more Egyptian investors, while Egypt views Kenya as a promising market in East Africa. This enhanced collaboration paves the way for mutually beneficial cooperation.
The anticipation of Félix Tshisekedi’s presidential visit to Mbujimayi raises hopes and concerns among residents. Between the need to revive the local economy, the challenges related to purchasing power and expectations for deeper development, the presidential visit is a symbol of hope for a better future. Residents express their determination to see their city prosper and their daily lives improve, while waiting for concrete measures to meet their aspirations.
Summary: At a press conference in Kasai-Central, Minister Teddy Lwamba outlined Regideso S.A.’s challenges in dealing with erosion and drinking water issues. An investment of $100 million was secured to build a plant producing 100,000 m³ of water per day. A 250 km water supply network project is planned, as well as a hydroelectric power plant to ensure regular distribution. These efforts demonstrate the commitment to a reliable and sustainable supply of drinking water in the Democratic Republic of Congo.
The draft budget edict for 2025 in Kinshasa promises a major transformation of the city with a budget of 810 billion Congolese francs allocated to infrastructure. The authorities are focusing on key sectors such as security, health and education, while strengthening the fight against corruption. This ambitious plan is part of a long-term vision to make Kinshasa a model of sustainable urban development. It remains to be closely monitored its implementation to measure its positive impact on the lives of citizens.
The article highlights Egyptian Prime Minister Mostafa Madbouly’s announcement regarding the reduction of the country’s debt payments for the coming year. Egypt is committed to reducing its financial obligations, with payments expected to fall below the $38.7 billion in 2024. This prudent financial approach is a testament to Egypt’s economic stability, boosting international investor confidence. Effective debt management frees up resources for economic and social development, contributing to a sustainable and prosperous future. Madbouly’s announcement underscores the government’s commitment to sound economic policies, positioning Egypt on a path to long-term economic growth and stability.
At the beginning of 2025, Mohamed al-Etreby, Chairman of the National Bank of Egypt, announced a forecast of lower interest rates in Egypt, which should be accompanied by a decrease in inflation. This outlook paves the way for a favorable financial climate for economic development and investment. The collaboration between the government and investors underlines the importance of boosting the national economy. Recent inflation figures confirm this downward trend, providing new opportunities for investment and growth in Egypt.
The Egyptian Prime Minister has taken a strategic decision by ordering the privatization of airport managers in Egypt, marking a turning point in the country’s airport policy. This measure aims to strengthen international competitiveness, by involving investors and promoting public-private partnership. An export fee reimbursement plan was also announced to support local exports. This decision reflects the desire to modernize and optimize airport infrastructure, paving the way for long-term growth and economic development opportunities.
In South Kivu, provincial deputies approved the 2025 budget during a plenary session, marking a significant step forward for the development of the region. This balanced budget of 783 billion FC includes specific provisions to support civil society, the media, artists, athletes, women, the political opposition and the defense forces. This inclusive approach demonstrates the authorities’ commitment to the balanced development of South Kivu and promises a better future for all its inhabitants.
The article highlights the expectations of the residents of Mbuji-Mayi following President Tshisekedi’s visit to the Kasai-Oriental province. These expectations focus on the revival of MIBA, job creation and improvement of infrastructure to reduce unemployment and stimulate the socio-economic development of the region. The residents expect concrete actions to realize electoral promises and improve their living conditions.