Business & Economy Bound

Egypt arrests 29 over alleged online crypto scamF

Egyptian authorities have detained 29 people, including 13 foreigners, accused of running an online cryptocurrency scam that defrauded thousands of investors, state media reported Sunday. The network pocketed about $620,000 at the expense of its victims in the country...
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Egypt to build high-speed rail linkF

French company NGE announced Thursday it had been awarded a contract to build Egypt's first high-speed rail link, a 330 kilometre section connecting the Mediterranean and Red Sea coasts. The link will form the first section of a 660 kilometre (410 mile) line that will...
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Aviation: Post-Covid Africa remains lackluster market for Boeing and Airbus ($)F

Over the past three years, African airline carriers have been dormant on the procurement front. The Covid pandemic and poor financials have been major stumbling blocks to the growth of the sector across the African continent. But the post-covid era has not stimulate...
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Sahel: Burkina Faso junta issues decree to requisition gold from mining companies ($)F

Burkina Faso is drowning in economic and financial hardship and the ongoing security environment mean that the country is looking for every possible avenue to find money. A country ruled by a junta that forced itself into power through a coup, without too many friends...
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