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  • Archaeologists find goldsmith's tomb near Egyptian city of Luxor

    EGYPT, 2017/09/10 Egyptian archaeologists have discovered a tomb of a prominent goldsmith who lived additional than 3,000 years ago, unearthing statues, mummies and jewellery in the new major find near the Nile city of Luxor. Egypt’s Minister of Antiquities Khaled Al-Anani said on Saturday the tomb dated back to Egypt’s 18th dynasty New Kingdom era — around 15th century B.C.
  • UNWTO: International tourism – strongest half-year results since 2010

    AFGHANISTAN, 2017/09/09 Destinations worldwide welcomed 598 million international tourists in the initial six months of 2017, some 36 million additional than in the same period of 2016. At 6%, increase was well above the trend of recent years, making the current January-June period the strongest half-year since 2010. Visitor numbers reported by destinations around the world reflect strong request for international travel in the initial half of 2017, according to the new UNWTO World Tourism Barometer. Worldwide, international tourist arrivals (overnight visitors) increased by 6% compared to the same six-month period last year, well above the sustained and consistent trend of 4% or higher increase since 2010. This represents the strongest half-year in seven years.
  • Why governments need to support the financial sector to meet the unserved needs of smallholder farmers

    BOTSWANA, 2017/09/09 This year, under the leadership of H.E. President Alassane Ouattara and the theme of “Accelerating Africa’s Path to Prosperity: Growing Inclusive Economies and Jobs through Agriculture”, the African Green Revolution Forum (AGRF) 2017 is shaping up as a premier platform to showcase ongoing evolution in Africa’s agricultural transformation schedule and to scale up the political, policy, and financial commitments needed to achieve the Malabo Declaration and the world development schedule around the Sustainable Development Goals (SDGs). Following the launch of the landmark annual Africa Agriculture Status Statement (ASSR) at the AGRF taking place in Cote d’Ivoire from 4-8 September 2017, the major conclusion centres around the power of entrepreneurs and the free market in driving Africa’s economic increase from food production. This is owing to the fact that a lot of businesses are waking up to opportunities of a rapidly growing food market in Africa that may be worth additional than $1 trillion each year by 2030 to substitute imports with high price food made in Africa.
  • International Arrivals To Africa Reach More Than 18 Million In 2017

    BOTSWANA, 2017/09/09 Market Research Company Euromonitor International revealed before this week the key trends shaping travel and tourism in Africa at the 41st Annual World Tourism Conference in Kigali, Rwanda. According to Euromonitor International’s new data, international arrivals to Africa grew by 6.5 % in 2017, to reach 18,550 million, up from 16,351 million in 2012. Key markets such as South Africa, Kenya, Nigeria, Mozambique, Cameroon, Mauritius and Tanzania accounted for 70 % of international trips to the Sub-Saharan African region.
  • New microfinance initiative worth $2.8m launched in Egypt

    EGYPT, 2017/09/06 In August national-owned investment bank NI Capital launched a LE50m ($2.8m) microfinance arm called Tamweely (Arabic for “Funding”) in conjunction with government-backed private investment entity Ayady for Investment and Development, and Cairo-based private equity firm Post for Investments. NI Capital, a privately managed and incorporated subsidiary of the National Investment Bank (NIB), said Tamweely was part of its commitment to provide finance and capital mechanisms to bolster the local economy, with a focus on Upper Egypt and the Nile Delta.
  • China Invites 5 Countries As Guests For BRICS Summit

    CHINA, 2017/09/04 China has invited Egypt, Guinea, Tajikistan, Mexico and Thailand as guest nations for the upcoming BRICS summit but clarified that the invitation is not an attempt to expand the group under its 'BRICS Plus'border. China will host the BRICS summit in Xiamen city from September 3 to 5 in which leaders of the five nations will participate, inclunding Prime Minister Narendra Modi. "We need to have some further explanation about the BRICS Plus to help people better understand the rationale of this idea," Chinese Foreign Minister Wang Yi said in Beijing, addressing the media about BRICS (Brazil, Russia, India, China and South Africa) summit.
  • Saudi billionaire to invest $800 million in Egypt tourism

    EGYPT, 2017/09/02 Saudi Arabian billionaire Prince Alwaleed bin Talal is to invest additional than $800 million in hotels in Egypt, the investment ministry in Cairo said on Monday. The announcement came next parliament in May adopted a new law aimed at attracting foreign investment as the authorities seek to reinvigorate the North African country's struggling economy.
  • Africa: USA-Africa - No Policy? Bad Policy? or Both?

    BOTSWANA, 2017/08/30 "Africa is terra incognita for the Trump Government: a continent it cares little - and understands even less - about. With no dyed-in-the-wool Trumpian Africa hands available, the government appears ready to cede Africa policy making to career civil servants and a few mainstream Republican appointees." - Matthew T. Page The headline to Page's article in Quartz Africa states that "Donald Trump could be getting his US-Africa policy right by simply not having one." His view is actually additional nuanced, in judging that no policy would likely be only "less bad" than explicitly "bad policy" that may result from better White Home interest in Africa.
  • Africa: U.S. State Department To Get Experienced Diplomat in Key Africa Post

    BOTSWANA, 2017/08/30 Donald Yamamoto, who has extensive diplomatic experience in Africa inclunding two tours as a U.S. ambassador, will take office as Acting Assistant Secretary of National for Africa on 5 September. He is the second career official tapped for a senior policy position on Africa in the Trump government.Donald Yamamoto, who has extensive diplomatic experience in Africa including two tours as a U.S. ambassador, will take office as Acting Assistant Secretary of State for Africa on 5 September. He is the second career official tapped for a senior policy position on Africa in the Trump administration. Senior CIA analyst Cyril Sartor was hired as senior director for Africa at the National Security Council earier this month Key Africa jobs at the Defense Department (DOD) and the U.S. Agency for International Development remain vacant. "Having someone with Don Yamamoto's experience in that post is very significant," Mel Foote, Constituency for Africa president, told AllAfrica. "As Africa confronts a lot of challenges, we want to see responsible U.S. engagement in partnership with African governments and civil society organizations."
  • Egypt announces new sharp increase in fuel prices

    EGYPT, 2017/08/28 Egypt announced a new sharp increase in fuel prices on Thursday, as it slashes government subsidies in a tough IMF-backed reform programme. The cabinet said that 82 octane petrol would sell for 3.65 pounds a litre (0.80 pounds a gallon) up from 2.35 (0.52), with the same increase for diesel, while 92 octane petrol rose from 3.5 (0.77) to 5.0 (1.1) pounds. Egyptian government slashes fuel subsidies in IMF-backed reform as country’s inflation hovers around 30 percent.