EGX

Egypt Stock Market Stages Partial Recovery

VENTURES AFRICA – Egypt’s stock market staged a partial recovery Wednesday’ late trade following an upsurge in uncertainty and violence hit major Egyptian cities, particularly Cairo, Port Said,...
Egypt Central Bank

Egypt Central Bank Sells $75m To Banks

VENTURES AFRICA – At its ninth foreign currency auction on Sunday, Egypt’s central bank offered to sell $75 million to banks, with a maximum of $11 million per bank. Reuters reported that...
Mohammed Mursi

IMF Pulls Plug On Cairo

VENTURES AFRICA – The International Monetary Fund (IMF) has delayed a $4.8 billion loan to Egypt after Cairo postponed belt-tightening economic measures. This was confirmed by Egypt’s minister of fin...