Egypt
Egypt is a transcontinental country located in North Africa and the Sinai Peninsula in Western Asia, with its capital in Cairo. It has a population of more than 100-million, making it the most populous country in the Arab world and the third most populous in Africa. Egypt's economy is diverse, encompassing agriculture, manufacturing, tourism, natural gas production and services, with the Suez Canal providing a critical source of foreign exchange as one of the world's most important maritime trade routes. The country's currency is the Egyptian pound, and its government operates as a semi-presidential republic. Key exports include natural gas, petroleum products, textiles, chemicals and agricultural goods such as citrus and cotton. Egypt has undertaken significant infrastructure projects in recent years, including the expansion of the Suez Canal and the construction of a new administrative capital east of Cairo. The country is a member of the African Union, the Arab League and the Common Market for Eastern and Southern Africa. Egypt plays a strategic role in regional geopolitics and has historically been a hub for labour migration, both as a source of workers moving to Gulf states and as a destination for migrants from sub-Saharan Africa. Economic challenges include high public debt, inflation and unemployment, prompting ongoing reform programmes supported by international financial institutions.
Egypt Updates
Egypt inflation seen easing to 14.5% in May, analysts warn of rebound ahead
By: Reuters 8th June 2026 Egypt's annual inflation rate is expected to have eased to 14.5% in May, pulled lower by favourable base effects, a Reuters poll showed on Monday,... →
Egypt to cut red tape for business and list up to four state firms, minister says
By: Reuters 5th June 2026 Egypt will step up efforts to cut red tape to spur on local businesses and it expects to list as many as four state-owned firms on the stock... →
Questions raised over frequent-flyer Mabuyane’s latest trip as the EC economy remains grounded
By: Reza Creamer 3rd June 2026 Premier Oscar Mabuyane’s latest overseas investment mission to Italy and Greece raises serious questions about why the province is paying for... →
Economic hardship drives Kenyans onto Russia’s brutal frontline
By: ISS, Institute for Security Studies 21st May 2026 High youth unemployment exposes young Kenyans, like thousands across Africa, to exploitation and false promises of lucrative jobs abroad. Kenya has... →
Eskom in early talks with World Bank, other funders for nuclear expansion
By: Reuters 20th May 2026 South Africa's state power utility Eskom is in exploratory talks with the World Bank over funding for a multibillion-dollar nuclear programme that... →
S&P says it is watching South Africa coalition, Middle East conflict risks for wider Africa 
By: Reuters 13th May 2026 South Africa faces a double blow from domestic political uncertainty and external headwinds, S&P Global Ratings said, adding that it is monitoring... →
Iran war to cast a shadow on BRICS foreign ministers meeting in Delhi
By: Reuters 13th May 2026 The US-Israeli war on Iran is set to cast a shadow over a two-day meeting of the foreign ministers of the BRICS grouping that kicks off in New... →
AngloGold delivers record free cash flow
By: Martin Creamer 8th May 2026 The record first-quarter (Q1) free cash flow of $1.2-billion delivered by AngloGold Ashanti is almost triple the Q1 2025 amount, following steady... →
Stung by West Africa rejections, France courts rest of continent at Kenya summit
By: Reuters 8th May 2026 Shorn of influence in its former colonies in West Africa, France will seek to deepen ties elsewhere on the continent next week at an Africa summit... →
African champions chart the way on the Global Compact for Migration
By: ISS, Institute for Security Studies 5th May 2026 Seventeen African nations are pioneering global migration management, but will others follow their lead? Over 80% of people migrating in Africa... →
