Economy

World bank group to provide Egypt with $6 bln over three years

The World Bank Group said this Monday it intends to provide more than $6 billion of support over the coming three years to Egypt, which has been struggling with a foreign currency crunch that slowed economic activity and led to shortages of imported

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Morocco reports first legal cannabis harvest of 294 metric tons

Morocco's first legal cannabis harvest was 294 metric tons in 2023, after the country approved its cultivation and export for medicine and industrial uses, cannabis regulator ANRAC said.

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Proudly South African annual Buy Local Summit, Expo to celebrate 12th edition

The Proudly South African annual Buy Local Summit and Expo will celebrate its 12th edition this year.

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EU to bolster Egypt ties with billions in funding

European leaders are expected to announce a multi-billion Euro funding package and an upgraded relationship with Egypt in Cairo this Sunday, part of a push to stem migrant flows across the Mediterranean that has been criticised by rights groups.

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SA Airways deal collapsed due to one man's ego

Kgathatso Tlhakudi, the Former Director-General of South Africa's Department of Public Enterprises, has attributed the irregularities leading to the collapse of the Takatso/South African Airways deal to the ego of one individual.

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EU pledges $8.39 bln euros for world needs in 2024 including Gaza

The European Union (EU) this Monday pledged to spend an initial 7.7 billion euros ($8.39 billion) on humanitarian aid in 2024, less than last year despite soaring needs in Gaza and elsewhere.

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SA small businesses bear brunt of water shortages

Chief Executive Officer of the Chamber of Business in the West Rand, Dennis Pretorius, says South African small businesses are bearing the brunt of water shortages in Johannesburg, Gauteng province.

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Rand slips ahead of CPI, central bank meetings

South Africa's (SA) Rand weakened in early trade this Monday, at the start of a week that will include SA inflation figures and several major central bank rate decisions.

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IMF probing cyber security incident, no top managers affected

The International Monetary Fund (IMF) said this Friday that it is investigating a cyber incident, which was detected on February 16, adding that the 11 email accounts involved had been re-secured.

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SA Rand firms as Dollar pares gains

South Africa's (SA) Rand firmed on Friday, after slumping the day before on a stronger United States (US) Dollar and mixed local data.

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